Bearing Point Capital LLC Invests $5.77 Million in Chubb Limited (NYSE:CB)

Bearing Point Capital LLC bought a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,885 shares of the financial services provider's stock, valued at approximately $5,771,000.

A number of other institutional investors have also bought and sold shares of CB. Rede Wealth LLC increased its stake in Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after purchasing an additional 37 shares in the last quarter. United Asset Strategies Inc. raised its stake in Chubb by 1.3% during the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock worth $851,000 after buying an additional 40 shares during the period. Avitas Wealth Management LLC boosted its holdings in Chubb by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock worth $2,421,000 after acquiring an additional 40 shares in the last quarter. Tandem Wealth Advisors LLC grew its stake in Chubb by 3.0% in the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock valued at $382,000 after acquiring an additional 40 shares during the period. Finally, Unison Advisors LLC increased its holdings in shares of Chubb by 0.3% during the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock valued at $3,742,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the sale, the executive vice president now owns 78,422 shares of the company's stock, valued at $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, 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. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last ninety days. 0.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CB shares. Barclays reduced their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Piper Sandler raised their price target 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. UBS Group boosted their price objective on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Two research 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $307.86.

Chubb Price Performance

Shares of NYSE:CB opened at $287.29 on Friday. The company has a market capitalization of $115.12 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The company's 50-day moving average is $287.82 and its 200 day moving average is $281.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a fifty-two week low of $249.90 and a fifty-two week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating 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 firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is 17.52%.

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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