Susquehanna Fundamental Investments LLC Makes New Investment in Chubb Limited (NYSE:CB)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,699 shares of the financial services provider's stock, valued at approximately $2,404,000.

A number of other hedge funds have also bought and sold shares of CB. Virtus ETF Advisers LLC grew its holdings in shares of Chubb by 21.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 3,967 shares of the financial services provider's stock valued at $1,096,000 after buying an additional 688 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Chubb by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,607 shares of the financial services provider's stock valued at $1,826,000 after purchasing an additional 110 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Chubb by 5.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 61,519 shares of the financial services provider's stock worth $16,998,000 after purchasing an additional 3,344 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of Chubb by 1.8% during the fourth quarter. Hancock Whitney Corp now owns 3,893 shares of the financial services provider's stock valued at $1,076,000 after buying an additional 67 shares during the last quarter. Finally, Empire Financial Management Company LLC raised its holdings in shares of Chubb by 238.0% in the fourth quarter. Empire Financial Management Company LLC now owns 9,243 shares of the financial services provider's stock valued at $2,554,000 after purchasing an additional 6,508 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CB shares. Barclays dropped their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Piper Sandler raised their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group raised their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Chubb has an average rating of "Moderate Buy" and an average target price of $307.86.

Chubb Trading Up 1.4 %

Shares of Chubb stock traded up $4.00 on Friday, hitting $287.29. 1,522,613 shares of the company traded hands, compared to its average volume of 1,629,794. Chubb Limited has a 52 week low of $249.90 and a 52 week high of $306.91. The company has a market cap of $115.12 billion, a PE ratio of 12.64, a PEG ratio of 3.36 and a beta of 0.57. The stock's 50 day moving average price is $287.82 and its 200-day moving average price is $281.00. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. Chubb's dividend payout ratio (DPR) is 17.52%.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.77% 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.