Aptus Capital Advisors LLC Purchases 2,787 Shares of Chubb Limited (NYSE:CB)

Aptus Capital Advisors LLC raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 70.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,735 shares of the financial services provider's stock after acquiring an additional 2,787 shares during the period. Aptus Capital Advisors LLC's holdings in Chubb were worth $1,861,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in Chubb in the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at $29,000. Strategic Financial Concepts LLC bought a new position in Chubb during the fourth quarter valued at about $30,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after acquiring an additional 89 shares during the period. Finally, Human Investing LLC bought a new stake in Chubb in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were 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 directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.86% of the company's stock.

Chubb Stock Up 0.3 %

Chubb stock traded up $0.95 during trading hours on Friday, hitting $289.92. The company had a trading volume of 834,064 shares, compared to its average volume of 1,626,810. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. 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 firm has a market capitalization of $116.18 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The firm's fifty day moving average is $288.46 and its 200-day moving average is $280.77.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb's payout ratio is 17.52%.

Analysts Set New Price Targets

CB has been the subject of several research reports. Piper Sandler raised their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company lifted their price target on shares of Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. HSBC upgraded 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. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $307.86.

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.