Northstar Financial Companies Inc. Purchases Shares of 1,043 Chubb Limited (NYSE:CB)

Northstar Financial Companies Inc. acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,043 shares of the financial services provider's stock, valued at approximately $288,000.

A number of other hedge funds have also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new position in Chubb during the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Chubb during the fourth quarter valued at approximately $29,000. Strategic Financial Concepts LLC bought a new stake in Chubb during the fourth quarter worth $30,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after acquiring an additional 89 shares during the last quarter. Finally, Human Investing LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $36,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price for the company. in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods cut their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Piper Sandler lifted their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Chubb Stock Performance

Chubb stock traded up $3.19 during mid-day trading on Friday, reaching $297.34. The company's stock had a trading volume of 2,483,635 shares, compared to its average volume of 1,617,858. 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 12-month low of $251.42 and a 12-month high of $306.91. The company has a market capitalization of $119.15 billion, a P/E ratio of 13.09, a PEG ratio of 3.36 and a beta of 0.57. The firm's fifty day moving average price is $287.93 and its two-hundred day moving average price is $281.32.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is currently 18.67%.

Chubb announced that its board has approved a share buyback plan on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Chubb

In other news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,553 shares of company stock valued at $43,257,220 over the last 90 days. 0.86% of the stock is owned by insiders.

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.