OneDigital Investment Advisors LLC boosted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,241 shares of the financial services provider's stock after purchasing an additional 3,042 shares during the period. OneDigital Investment Advisors LLC's holdings in Chubb were worth $3,382,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares in the last quarter. Invst LLC grew its position in Chubb by 6.0% during the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider's stock worth $264,000 after purchasing an additional 52 shares in the last quarter. Boyar Asset Management Inc. raised its stake in Chubb by 3.8% during the 3rd quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock valued at $804,000 after purchasing an additional 102 shares during the period. World Investment Advisors LLC lifted its holdings in shares of Chubb by 895.5% in the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after purchasing an additional 28,950 shares in the last quarter. Finally, Sfmg LLC boosted its position in shares of Chubb by 2.4% in the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after buying an additional 40 shares during the period. 83.81% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CB shares. Wells Fargo & Company increased their price objective on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Thursday. JMP Securities restated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Barclays dropped their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Piper Sandler lifted their target price on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Finally, HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Two 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $307.79.
View Our Latest Analysis on Chubb
Insider Buying and Selling
In related news, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. Insiders own 0.86% of the company's stock.
Chubb Stock Performance
Chubb stock traded up $2.41 during trading hours on Monday, reaching $281.52. 390,343 shares of the company were exchanged, compared to its average volume of 1,625,104. Chubb Limited has a 12 month low of $244.84 and a 12 month high of $306.91. 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 stock has a 50-day moving average of $286.39 and a 200 day moving average of $281.09. The firm has a market cap of $112.80 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 3.36 and a beta of 0.47.
Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. Chubb's payout ratio is presently 17.52%.
About Chubb
(
Free Report)
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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