Bolthouse Investments LLC Acquires New Position in Chubb Limited (NYSE:CB)

Bolthouse Investments LLC bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,050 shares of the financial services provider's stock, valued at approximately $566,000.

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Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock valued at $102,840,000 after purchasing an additional 130,629 shares in the last quarter. Czech National Bank lifted its stake in Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC grew its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares in the last quarter. California Public Employees Retirement System increased its position in Chubb by 1.1% during the 4th quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after purchasing an additional 14,610 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Chubb by 133.9% in the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after purchasing an additional 316 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Jefferies Financial Group lifted their price target on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a report on Friday, April 11th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. JMP Securities restated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Finally, Raymond James reissued a "strong-buy" rating on shares of Chubb in a research report on Thursday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.79.

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Check Out Our Latest Report on CB

Chubb Stock Performance

Shares of CB stock opened at $279.07 on Friday. The stock has a market cap of $111.82 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a 52-week low of $243.14 and a 52-week high of $306.91. The business has a 50-day simple moving average of $286.39 and a 200-day simple moving average of $281.12. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

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Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.30%. Chubb's dividend payout ratio is presently 16.02%.

Insider Buying and Selling at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company's stock.

Chubb Profile

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.

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