Laffer Tengler Investments Inc. Sells 14,181 Shares of Chubb Limited (NYSE:CB)

Laffer Tengler Investments Inc. lessened its stake in Chubb Limited (NYSE:CB - Free Report) by 89.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,684 shares of the financial services provider's stock after selling 14,181 shares during the period. Laffer Tengler Investments Inc.'s holdings in Chubb were worth $381,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rossmore Private Capital lifted its stake in Chubb by 1.6% during the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider's stock worth $588,000 after purchasing an additional 41 shares during the period. MCF Advisors LLC lifted its stake in Chubb by 4.2% during the fourth quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider's stock worth $237,000 after purchasing an additional 42 shares during the period. AdvisorNet Financial Inc lifted its stake in Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider's stock worth $200,000 after purchasing an additional 44 shares during the period. Valley National Advisers Inc. lifted its stake in Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider's stock worth $1,155,000 after purchasing an additional 44 shares during the period. Finally, Sfmg LLC grew its position in Chubb by 3.0% during the 4th quarter. Sfmg LLC now owns 1,533 shares of the financial services provider's stock worth $346,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on CB. Citigroup restated a "neutral" rating and set a $275.00 price target (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. The Goldman Sachs Group increased their target price on Chubb from $228.00 to $254.00 and gave the stock a "neutral" rating in a report on Friday, April 12th. Piper Sandler restated an "overweight" rating and issued a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Royal Bank of Canada decreased their price objective on Chubb from $295.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. Finally, Raymond James lifted their price target on Chubb from $270.00 to $285.00 and gave the stock a "strong-buy" rating in a report on Thursday, February 1st. Ten research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $266.74.

Insiders Place Their Bets

In related news, CAO Annmarie T. Hagan sold 1,529 shares of the business's stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now owns 7,718 shares of the company's stock, valued at $2,036,085.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Annmarie T. Hagan sold 1,529 shares of the business's stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the sale, the chief accounting officer now owns 7,718 shares of the company's stock, valued at $2,036,085.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO John W. Keogh sold 34,707 shares of the business's stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,099 shares of company stock valued at $37,156,142. 0.86% of the stock is currently owned by insiders.

Chubb Price Performance

CB traded up $9.40 during trading on Friday, hitting $274.28. 4,300,601 shares of the stock traded hands, compared to its average volume of 1,745,174. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $275.41. The company has a market cap of $111.37 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.19 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day moving average price of $252.51 and a 200 day moving average price of $239.54.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts' consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company's revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.41 earnings per share. Equities research analysts forecast that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, June 14th. This is a boost from Chubb's previous quarterly dividend of $0.86. Chubb's payout ratio is presently 15.27%.

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.

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