Bailard Inc. Has $10.19 Million Stake in Chubb Limited (NYSE:CB)

Bailard Inc. boosted its position in shares of Chubb Limited (NYSE:CB) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,104 shares of the financial services provider’s stock after acquiring an additional 1,722 shares during the quarter. Bailard Inc.’s holdings in Chubb were worth $10,194,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CB. MCF Advisors LLC lifted its holdings in Chubb by 4.2% during the 4th quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 42 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Chubb by 5.2% during the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after buying an additional 44 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of Chubb by 0.9% during the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 44 shares during the period. Sfmg LLC grew its stake in Chubb by 3.0% in the 4th quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock valued at $346,000 after buying an additional 45 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its holdings in Chubb by 3.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 2.7 %

CB traded down $6.87 during midday trading on Wednesday, hitting $243.01. 3,184,853 shares of the company were exchanged, compared to its average volume of 1,748,423. The firm has a market capitalization of $98.66 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.18 and a beta of 0.62. The firm’s 50 day moving average price is $252.54 and its 200-day moving average price is $235.21. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.41 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Insider Transactions at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. HSBC reaffirmed a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Royal Bank of Canada lifted their price objective on shares of Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Citigroup restated a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. UBS Group lifted their price target on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Finally, TD Cowen assumed coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.37.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.