Cetera Investment Advisers Has $22.73 Million Stake in Chubb Limited (NYSE:CB)

Cetera Investment Advisers grew its stake in Chubb Limited (NYSE:CB - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,257 shares of the financial services provider's stock after buying an additional 6,951 shares during the quarter. Cetera Investment Advisers' holdings in Chubb were worth $22,728,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in Chubb during the fourth quarter worth about $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb during the 4th quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the 4th quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares in the last quarter. Finally, Human Investing LLC purchased a new stake in Chubb in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CB shares. JMP Securities reissued a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Jefferies Financial Group boosted their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Piper Sandler boosted their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Finally, Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Two investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.86.

Chubb Trading Down 0.1%

NYSE:CB traded down $0.42 during mid-day trading on Monday, hitting $289.46. The company had a trading volume of 1,516,285 shares, compared to its average volume of 1,630,235. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The business's fifty day moving average is $288.46 and its two-hundred day moving average is $280.58. 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 firm has a market cap of $115.99 billion, a P/E ratio of 12.74, a P/E/G ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly 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 analyst estimates of $11.22 billion. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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 1.26%. Chubb's dividend payout ratio is 17.52%.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the company's 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 sale, the chief accounting officer now owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 in the last quarter. Company insiders own 0.77% of the company's stock.

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.