Northeast Planning Associates INC. NH purchased a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 889 shares of the financial services provider's stock, valued at approximately $246,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in CB. Sierra Ocean LLC bought a new position in Chubb in the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new position in Chubb in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC bought a new position in Chubb in the 4th quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC increased its position in 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 worth $34,000 after buying an additional 89 shares during the period. Finally, Human Investing LLC bought a new position in Chubb in the 4th quarter worth approximately $36,000. 83.81% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,553 shares of company stock valued at $43,257,220. 0.86% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Keefe, Bruyette & Woods dropped their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley boosted their price objective on Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Piper Sandler increased their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Barclays decreased their target price on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $307.53.
Read Our Latest Stock Report on Chubb
Chubb Price Performance
CB stock traded up $3.19 during trading on Friday, hitting $297.34. The company had a trading volume of 2,483,635 shares, compared to its average volume of 1,617,858. The company has a fifty day moving average price of $287.93 and a two-hundred day moving average price of $281.32. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $119.15 billion, a P/E ratio of 13.09, a P/E/G ratio of 3.36 and a beta of 0.57. 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 announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities 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 initiated a stock repurchase program on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.
Chubb Increases Dividend
The firm also recently disclosed 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. The ex-dividend date is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is currently 18.67%.
Chubb Profile
(
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.
Featured Articles
Before you consider Chubb, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chubb wasn't on the list.
While Chubb currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
