Chubb Limited (NYSE:CB) Shares Bought by Logan Capital Management Inc.

Logan Capital Management Inc. boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 3,332.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,229 shares of the financial services provider's stock after acquiring an additional 9,931 shares during the period. Logan Capital Management Inc.'s holdings in Chubb were worth $2,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Barclays PLC boosted its position in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Czech National Bank lifted its stake in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after purchasing an additional 4,757 shares during the period. Aprio Wealth Management LLC boosted its holdings in Chubb by 8.7% during the fourth quarter. Aprio Wealth Management LLC now owns 866 shares of the financial services provider's stock worth $239,000 after buying an additional 69 shares in the last quarter. Crescent Sterling Ltd. grew its position in Chubb by 16.3% during the fourth quarter. Crescent Sterling Ltd. now owns 998 shares of the financial services provider's stock worth $276,000 after buying an additional 140 shares during the period. Finally, Brookstone Capital Management increased its holdings in Chubb by 7.2% in the fourth quarter. Brookstone Capital Management now owns 1,352 shares of the financial services provider's stock valued at $373,000 after buying an additional 91 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Piper Sandler raised their price target on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Barclays cut their target price on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $307.86.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm'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 transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 over the last ninety days. Corporate insiders own 0.77% of the company's stock.

Chubb Stock Up 0.7%

Shares of CB traded up $2.14 during midday trading on Friday, reaching $294.19. 1,402,309 shares of the company were exchanged, compared to its average volume of 1,637,922. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91. The stock has a 50-day moving average price of $288.37 and a 200-day moving average price of $280.64. 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 $117.89 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 3.36 and a beta of 0.57.

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 business 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 year.

Chubb declared that its board has approved a stock repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 dividend yield of 1.32%. The ex-dividend date 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 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.