Tennessee Valley Asset Management Partners Makes New Investment in Chubb Limited (NYSE:CB)

Tennessee Valley Asset Management Partners bought a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 142 shares of the financial services provider’s stock, valued at approximately $32,000.

Several other hedge funds also recently bought and sold shares of CB. IFP Advisors Inc lifted its position in shares of Chubb by 34.7% during the third quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 280 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Chubb by 15.8% during the third quarter. Arkadios Wealth Advisors now owns 1,592 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 217 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Chubb by 14.9% during the third quarter. Avior Wealth Management LLC now owns 5,082 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 659 shares in the last quarter. LaFleur & Godfrey LLC acquired a new stake in shares of Chubb during the third quarter worth about $202,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Chubb by 5.1% during the third quarter. Proficio Capital Partners LLC now owns 2,679 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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 in the company, valued at $1,495,969.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 value of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,043 shares of company stock worth $29,766,694. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.6 %

CB stock opened at $249.88 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The company’s 50 day moving average is $252.64 and its two-hundred day moving average is $235.15. The stock has a market cap of $101.45 billion, a P/E ratio of 11.45, a PEG ratio of 1.17 and a beta of 0.62.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Research analysts expect that Chubb Limited will post 21.32 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CB shares. Royal Bank of Canada increased their price target on shares of Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Raymond James raised their target price on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. raised their target price on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company raised their target price on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a report on Monday, April 15th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

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.