Zevin Asset Management LLC Has $13.09 Million Holdings in Chubb Limited (NYSE:CB)

Zevin Asset Management LLC raised its position in shares of Chubb Limited (NYSE:CB) by 15.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 47,370 shares of the financial services provider’s stock after purchasing an additional 6,232 shares during the quarter. Chubb accounts for approximately 1.9% of Zevin Asset Management LLC’s portfolio, making the stock its 20th biggest holding. Zevin Asset Management LLC’s holdings in Chubb were worth $13,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CB. Brown Miller Wealth Management LLC grew its position in shares of Chubb by 0.5% during the 4th quarter. Brown Miller Wealth Management LLC now owns 12,864 shares of the financial services provider’s stock worth $3,554,000 after buying an additional 64 shares during the period. Left Brain Wealth Management LLC grew its position in shares of Chubb by 2.2% during the 4th quarter. Left Brain Wealth Management LLC now owns 6,398 shares of the financial services provider’s stock worth $1,768,000 after buying an additional 139 shares during the period. Renasant Bank grew its position in shares of Chubb by 11.5% during the 4th quarter. Renasant Bank now owns 970 shares of the financial services provider’s stock worth $268,000 after buying an additional 100 shares during the period. Aviso Financial Inc. grew its position in shares of Chubb by 8.8% during the 4th quarter. Aviso Financial Inc. now owns 615 shares of the financial services provider’s stock worth $170,000 after buying an additional 50 shares during the period. Finally, Impact Capital Partners LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $2,503,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 2.0 %

NYSE CB opened at $294.46 on Friday. The stock has a market capitalization of $117.91 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The business’s fifty day moving average is $273.60 and its 200-day moving average is $280.82.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Analysts Set New Price Targets

CB has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $301.00.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company 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.