Budros Ruhlin & Roe Inc. Buys Shares of 6,775 Chubb Ltd (CB)

Budros Ruhlin & Roe Inc. bought a new stake in shares of Chubb Ltd (NYSE:CB) in the first quarter, HoldingsChannel reports. The fund bought 6,775 shares of the financial services provider’s stock, valued at approximately $949,000.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Chubb by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock worth $900,339,000 after buying an additional 63,629 shares during the period. BlueMountain Capital Management LLC bought a new stake in shares of Chubb during the 3rd quarter valued at about $219,000. Mackenzie Financial Corp boosted its stake in shares of Chubb by 24.3% during the 3rd quarter. Mackenzie Financial Corp now owns 5,177 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 1,013 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Chubb by 1.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,854,279 shares of the financial services provider’s stock valued at $381,446,000 after purchasing an additional 30,568 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of Chubb during the 3rd quarter valued at about $567,123,000. 88.74% of the stock is owned by hedge funds and other institutional investors.

NYSE:CB opened at $142.98 on Friday. Chubb Ltd has a one year low of $119.54 and a one year high of $143.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $65.52 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.32 and a beta of 0.82.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.93 by $0.09. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.80 billion. Chubb had a net margin of 11.72% and a return on equity of 8.66%. Chubb’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.17 earnings per share. Research analysts anticipate that Chubb Ltd will post 10.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 22nd were issued a $0.73 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $2.92 annualized dividend and a yield of 2.04%. Chubb’s dividend payout ratio (DPR) is presently 30.93%.

Several equities research analysts recently commented on CB shares. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Sandler O’Neill lowered shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Compass Point started coverage on shares of Chubb in a research note on Tuesday, January 15th. They set a “buy” rating and a $165.00 price objective on the stock. Credit Suisse Group lowered shares of Chubb from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $141.00 to $131.00 in a research note on Wednesday, February 27th. Finally, Deutsche Bank dropped their price objective on shares of Chubb from $123.00 to $121.00 and set a “sell” rating on the stock in a research note on Monday, January 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $151.33.

In other Chubb news, insider John J. Lupica sold 17,879 shares of Chubb stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total value of $2,412,771.05. Following the completion of the transaction, the insider now directly owns 192,265 shares of the company’s stock, valued at $25,946,161.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Bennett Medini sold 2,437 shares of Chubb stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $133.94, for a total transaction of $326,411.78. Following the completion of the transaction, the insider now directly owns 95,101 shares of the company’s stock, valued at $12,737,827.94. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.

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Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Ltd (NYSE:CB).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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