Cyrus J. Lawrence LLC Has $567,000 Stake in Chubb Limited (NYSE:CB)

Cyrus J. Lawrence LLC increased its holdings in Chubb Limited (NYSE:CB) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,053 shares of the financial services provider’s stock after buying an additional 47 shares during the period. Cyrus J. Lawrence LLC’s holdings in Chubb were worth $567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CB. Prospera Private Wealth LLC acquired a new position in Chubb during the third quarter valued at approximately $127,000. Citizens Financial Group Inc. RI raised its position in Chubb by 38.8% during the third quarter. Citizens Financial Group Inc. RI now owns 13,105 shares of the financial services provider’s stock valued at $3,790,000 after purchasing an additional 3,661 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Chubb by 2.3% in the third quarter. King Luther Capital Management Corp now owns 7,139 shares of the financial services provider’s stock worth $2,059,000 after acquiring an additional 160 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Chubb by 24.3% in the 3rd quarter. Intech Investment Management LLC now owns 16,178 shares of the financial services provider’s stock valued at $4,666,000 after purchasing an additional 3,160 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Chubb by 5.4% during the 3rd quarter. LPL Financial LLC now owns 348,679 shares of the financial services provider’s stock valued at $100,556,000 after purchasing an additional 17,934 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $301.00.

Chubb Stock Performance

Shares of Chubb stock opened at $291.08 on Friday. The company has a market cap of $116.55 billion, a P/E ratio of 12.81, a PEG ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $276.57 and a two-hundred day moving average price of $281.30. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s payout ratio is presently 16.02%.

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.