Westbourne Investments Inc. Buys Shares of 1,058 Chubb Limited (NYSE:CB)

Westbourne Investments Inc. bought a new position in Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,058 shares of the financial services provider's stock, valued at approximately $292,000.

A number of other hedge funds have also added to or reduced their stakes in CB. Sierra Ocean LLC purchased a new stake in Chubb in the fourth quarter worth about $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC purchased a new stake in Chubb during the fourth quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares in the last quarter. Finally, Human Investing LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $36,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 0.5 %

NYSE:CB traded up $1.48 during mid-day trading on Tuesday, hitting $289.31. 366,764 shares of the company's stock traded hands, compared to its average volume of 1,818,906. Chubb Limited has a twelve month low of $250.90 and a twelve month high of $306.91. The company has a market capitalization of $115.93 billion, a P/E ratio of 12.73, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a fifty day moving average of $288.11 and a 200 day moving average of $280.75.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb's dividend payout ratio is presently 17.52%.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the business'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 transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last 90 days. Corporate insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CB. Piper Sandler boosted their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. UBS Group upped their price objective on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.86.

Chubb 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.