Baird Financial Group Inc. Purchases 6,408 Shares of Chubb Limited (NYSE:CB)

Baird Financial Group Inc. raised its position in Chubb Limited (NYSE:CB - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 202,722 shares of the financial services provider's stock after acquiring an additional 6,408 shares during the period. Baird Financial Group Inc. owned about 0.05% of Chubb worth $56,012,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CB. Wealth Enhancement Advisory Services LLC raised its holdings in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank raised its stake in shares of Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after purchasing an additional 4,757 shares in the last quarter. Barclays PLC boosted its holdings in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Chubb by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after buying an additional 14,610 shares in the last quarter. Finally, Canopy Partners LLC increased its holdings in Chubb by 94.4% during the fourth quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock worth $1,331,000 after buying an additional 2,340 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last ninety days. Corporate insiders own 0.77% of the company's stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $287.29 on Monday. Chubb Limited has a 12-month low of $249.90 and a 12-month high of $306.91. The company's 50 day moving average price is $287.82 and its two-hundred day moving average price is $280.85. The firm has a market cap of $115.12 billion, a PE ratio of 12.64, a PEG ratio of 3.36 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $11.22 billion. 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 earnings per share for the current year.

Chubb Announces Dividend

The business 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. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 17.52%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CB shares. Piper Sandler increased their price target on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods reduced their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. JMP Securities restated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, Jefferies Financial Group increased their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average 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.

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