Bolthouse Investments LLC Makes New $566,000 Investment in Chubb Limited (NYSE:CB)

Bolthouse Investments LLC acquired a new position in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,050 shares of the financial services provider's stock, valued at approximately $566,000.

Several other institutional investors have also added to or reduced their stakes in CB. First Financial Bank Trust Division lifted its holdings in shares of Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock valued at $283,000 after purchasing an additional 37 shares during the last quarter. Rede Wealth LLC grew its holdings in shares of Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after buying an additional 37 shares during the last quarter. Sfmg LLC increased its position in shares of Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock valued at $485,000 after acquiring an additional 40 shares during the period. United Asset Strategies Inc. raised its stake in Chubb by 1.3% in the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock worth $851,000 after acquiring an additional 40 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its stake in Chubb by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock valued at $2,421,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. 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. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods reduced their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Raymond James reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of "Moderate Buy" and a consensus target price of $307.86.

Chubb Stock Down 0.8 %

Shares of NYSE:CB traded down $2.40 during trading on Thursday, hitting $283.68. The company's stock had a trading volume of 561,296 shares, compared to its average volume of 1,624,331. Chubb Limited has a fifty-two week low of $244.84 and a fifty-two week high of $306.91. The stock's 50-day moving average price is $287.43 and its two-hundred day moving average price is $281.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $113.67 billion, a PE ratio of 12.49, a PEG ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's payout ratio is 17.52%.

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.