Chubb Limited (NYSE:CB) Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its position in shares of Chubb Limited (NYSE:CB - Free Report) by 37.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,340 shares of the financial services provider's stock after buying an additional 7,205 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Chubb were worth $7,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Peoples Bank KS acquired a new position in shares of Chubb in the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new position in Chubb during the first quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new position in Chubb in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new stake in Chubb in the 4th quarter worth approximately $29,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $30,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh bought 9,810 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $292.99 per share, for a total transaction of $2,874,231.90. Following the completion of the acquisition, the chief operating officer now owns 247,538 shares in the company, valued at approximately $72,526,158.62. This trade represents a 4.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of the 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 directly owns 78,422 shares in the company, valued at $23,120,374.04. This represents a 13.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,108 shares of company stock valued at $31,169,977 in the last three months. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CB has been the topic of several analyst reports. UBS Group raised their price target on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Barclays cut their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Raymond James Financial reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Wells Fargo & Company upped 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. Finally, Piper Sandler increased their price target on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.53.

Chubb Trading Down 0.9%

Shares of CB stock traded down $2.56 during trading hours on Tuesday, hitting $283.87. The company had a trading volume of 983,467 shares, compared to its average volume of 1,614,350. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $113.76 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 3.19 and a beta of 0.54. The company's fifty day moving average is $287.96 and its 200 day moving average is $281.64. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 12.37% and a net margin of 15.05%. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb announced that its Board of Directors has approved a share buyback plan on Thursday, May 15th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.37%. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio (DPR) is 18.67%.

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.