Patrick M Sweeney & Associates Inc. Acquires Shares of 1,678 Chubb Limited (NYSE:CB)

Patrick M Sweeney & Associates Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,678 shares of the financial services provider’s stock, valued at approximately $379,000.

Other hedge funds have also bought and sold shares of the company. Everhart Financial Group Inc. increased its holdings in shares of Chubb by 15.3% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,290 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 171 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Chubb by 4.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 149,322 shares of the financial services provider’s stock worth $31,086,000 after buying an additional 6,152 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Chubb by 1.2% in the third quarter. Mackenzie Financial Corp now owns 74,041 shares of the financial services provider’s stock worth $15,172,000 after purchasing an additional 906 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Chubb by 17.9% during the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,685 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 256 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its holdings in shares of Chubb by 81.7% in the 3rd quarter. Calamos Wealth Management LLC now owns 48,733 shares of the financial services provider’s stock worth $10,145,000 after buying an additional 21,909 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.1 %

Shares of NYSE CB traded down $0.32 during trading hours on Wednesday, hitting $251.63. 1,398,939 shares of the stock were exchanged, compared to its average volume of 1,722,615. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The firm has a fifty day moving average price of $251.85 and a 200-day moving average price of $237.76. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $102.18 billion, a PE ratio of 11.17, a PEG ratio of 1.17 and a beta of 0.63.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the business earned $4.41 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts expect that Chubb Limited will post 21.18 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.37%. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

Analyst Ratings Changes

CB has been the topic of several analyst reports. Royal Bank of Canada cut their target price on Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. BMO Capital Markets lifted their price target on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Raymond James boosted their price objective on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. Finally, Citigroup reiterated a “neutral” rating and issued a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $266.74.

Insider Activity

In other news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the sale, the executive vice president now directly owns 95,252 shares in the company, valued at $24,481,669.04. The disclosure for this sale can be found here. Insiders have sold a total of 108,863 shares of company stock worth $28,007,307 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

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.