Burling Wealth Partners LLC bought a new position in Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,375 shares of the financial services provider's stock, valued at approximately $380,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its stake in Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock valued at $102,840,000 after acquiring an additional 130,629 shares during the period. Czech National Bank raised its holdings in shares of Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after acquiring an additional 4,757 shares during the last quarter. Barclays PLC boosted its stake in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. California Public Employees Retirement System boosted its stake in Chubb by 1.1% during the 4th 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 purchasing an additional 14,610 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Chubb by 133.9% in the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock worth $153,000 after purchasing an additional 316 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.
Chubb Stock Performance
Shares of NYSE:CB traded down $0.77 during trading on Wednesday, hitting $284.18. 447,502 shares of the company were exchanged, compared to its average volume of 1,623,420. The stock has a 50 day moving average of $287.05 and a 200 day moving average of $281.08. The company has a market cap of $113.87 billion, a PE ratio of 12.51, a P/E/G ratio of 3.36 and a beta of 0.47. Chubb Limited has a 52-week low of $244.84 and a 52-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.
Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.
Chubb Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb's dividend payout ratio (DPR) is currently 17.52%.
Insider Buying and Selling at Chubb
In other news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms recently commented on CB. Wells Fargo & Company increased their price target on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Barclays reduced their price objective 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. Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Piper Sandler boosted their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lifted their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, five have given 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $307.86.
View Our Latest Stock Report on CB
About Chubb
(
Free Report)
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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