Vicus Capital Purchases 870 Shares of Chubb Limited (NYSE:CB)

Vicus Capital lifted its stake in Chubb Limited (NYSE:CB) by 57.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,376 shares of the financial services provider’s stock after buying an additional 870 shares during the period. Vicus Capital’s holdings in Chubb were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CB. ZRC Wealth Management LLC acquired a new position in Chubb during the fourth quarter valued at approximately $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new position in Chubb during the 4th quarter worth $32,000. Northwest Financial Advisors bought a new position in Chubb during the 4th quarter worth $33,000. Finally, Naples Money Management LLC bought a new position in Chubb during the 4th quarter worth $34,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of Chubb stock traded down $6.95 during mid-day trading on Friday, hitting $255.08. 2,794,049 shares of the stock were exchanged, compared to its average volume of 1,375,378. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $275.41. The company has a 50-day simple moving average of $259.30 and a 200 day simple moving average of $248.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $103.58 billion, a P/E ratio of 11.32, a P/E/G ratio of 6.29 and a beta of 0.66.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same quarter last year, the firm earned $4.41 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts anticipate that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is 16.16%.

Insider Buying and Selling

In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,552 shares of company stock valued at $12,149,985. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday. JMP Securities reiterated a “market outperform” rating and set a $280.00 price target on shares of Chubb in a report on Monday, April 15th. Roth Mkm reiterated a “buy” rating and set a $280.00 price target on shares of Chubb in a report on Wednesday, April 24th. The Goldman Sachs Group increased their price target on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, Keefe, Bruyette & Woods reduced their target price on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $266.70.

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.