Berry Wealth Group LP Makes New $4.45 Million Investment in Chubb Limited (NYSE:CB)

Berry Wealth Group LP acquired a new position in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,683 shares of the financial services provider's stock, valued at approximately $4,448,000. Chubb accounts for approximately 4.1% of Berry Wealth Group LP's investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Americana Partners LLC purchased a new position in Chubb in the third quarter worth about $292,000. Lazard Asset Management LLC boosted its position in shares of Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider's stock valued at $113,781,000 after buying an additional 495,860 shares during the last quarter. Alphinity Investment Management Pty Ltd increased its holdings in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider's stock worth $120,235,000 after buying an additional 324,019 shares in the last quarter. Graypoint LLC raised its holdings in shares of Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider's stock valued at $7,141,000 after purchasing an additional 29,302 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new stake in Chubb during the 4th quarter valued at $1,403,000. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.5 %

Chubb stock traded up $1.29 during trading hours on Wednesday, hitting $249.93. The company had a trading volume of 1,144,889 shares, compared to its average volume of 1,748,753. The company has a 50-day moving average price of $252.26 and a two-hundred day moving average price of $236.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The firm has a market cap of $101.49 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.18 and a beta of 0.62.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating analysts' consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion during the quarter, compared to analysts' expectations of $11.75 billion. During the same quarter in the prior year, the company posted $4.41 earnings per share. Chubb's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb's dividend payout ratio (DPR) is presently 15.27%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $253.00 to $266.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Royal Bank of Canada decreased their price target on Chubb from $295.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Evercore ISI upped their price objective on Chubb from $270.00 to $281.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. JMP Securities reissued a "market outperform" rating and set a $280.00 target price on shares of Chubb in a research note on Monday, April 15th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $266.89.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company's stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares of the company's stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The shares were 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 approximately $9,228,612.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,043 shares of company stock valued at $29,766,694. Insiders own 0.86% of the company's stock.

Chubb Company 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.