Retireful LLC Takes Position in Chubb Limited (NYSE:CB)

Retireful LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,560 shares of the financial services provider's stock, valued at approximately $1,257,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG grew its holdings in Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider's stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Chubb by 102,751.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider's stock valued at $1,828,733,000 after buying an additional 8,281,754 shares during the last quarter. Norges Bank acquired a new stake in shares of Chubb during the fourth quarter valued at about $619,661,000. 1832 Asset Management L.P. increased its position in shares of Chubb by 1,476.9% during the fourth quarter. 1832 Asset Management L.P. now owns 999,392 shares of the financial services provider's stock worth $220,466,000 after acquiring an additional 936,015 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider's stock worth $113,781,000 after acquiring an additional 495,860 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares of the company's stock, valued at $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now owns 130,937 shares of the company's stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock worth $29,766,694 over the last quarter. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CB shares. Citigroup restated a "neutral" rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. HSBC restated a "hold" rating and issued a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday. Roth Mkm increased their price objective on shares of Chubb from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 1st. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $257.94.

Chubb Stock Performance

Chubb stock traded up $0.67 during mid-day trading on Friday, hitting $252.90. 1,265,835 shares of the company's stock traded hands, compared to its average volume of 1,588,911. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a market cap of $102.67 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.19 and a beta of 0.62. The firm has a 50 day moving average price of $252.30 and a 200 day moving average price of $231.86. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. On average, equities analysts forecast that Chubb Limited will post 21.18 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb's dividend payout ratio is currently 15.76%.

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.