TrinityPoint Wealth LLC Boosts Holdings in Chubb Limited (NYSE:CB)

TrinityPoint Wealth LLC raised its position in shares of Chubb Limited (NYSE:CB - Free Report) by 1,021.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,834 shares of the financial services provider's stock after acquiring an additional 8,046 shares during the period. TrinityPoint Wealth LLC's holdings in Chubb were worth $2,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after acquiring an additional 271,648 shares during the last quarter. FMR LLC grew its position in Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after acquiring an additional 91,892 shares during the last quarter. Capital World Investors grew its position in Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after acquiring an additional 212,889 shares during the last quarter. Capital Research Global Investors grew its position in Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock valued at $2,457,402,000 after acquiring an additional 131,075 shares during the last quarter. Finally, Demars Financial Group LLC grew its position in Chubb by 26,761.4% in the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Piper Sandler upped their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, five have assigned 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, Chubb has a consensus rating of "Moderate Buy" and a consensus target price of $307.86.

Insider Activity

In other 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 transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last 90 days. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Up 0.7%

CB opened at $294.19 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $117.89 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The business has a 50-day moving average of $288.43 and a two-hundred day moving average of $280.67. Chubb Limited has a 12 month low of $251.42 and a 12 month 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 the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from Chubb's previous quarterly dividend of $0.91. Chubb's payout ratio is 17.52%.

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

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.

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