Canopy Partners LLC Buys 2,340 Shares of Chubb Limited (NYSE:CB)

Canopy Partners LLC boosted its stake in Chubb Limited (NYSE:CB) by 94.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,818 shares of the financial services provider’s stock after purchasing an additional 2,340 shares during the period. Canopy Partners LLC’s holdings in Chubb were worth $1,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EP Wealth Advisors LLC increased its stake in shares of Chubb by 14.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 7,228 shares of the financial services provider’s stock worth $2,085,000 after purchasing an additional 890 shares in the last quarter. iA Global Asset Management Inc. raised its stake in shares of Chubb by 180.4% in the third quarter. iA Global Asset Management Inc. now owns 27,903 shares of the financial services provider’s stock worth $8,047,000 after buying an additional 17,952 shares during the period. Zacks Investment Management bought a new position in shares of Chubb during the 3rd quarter valued at approximately $213,000. Orion Portfolio Solutions LLC increased its holdings in Chubb by 3.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 38,394 shares of the financial services provider’s stock worth $11,073,000 after acquiring an additional 1,214 shares in the last quarter. Finally, Kensington Investment Counsel LLC lifted its holdings in Chubb by 6.1% during the third quarter. Kensington Investment Counsel LLC now owns 1,643 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 95 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

CB stock opened at $280.74 on Monday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The business’s fifty day simple moving average is $282.25 and its two-hundred day simple moving average is $281.69. The firm has a market cap of $112.41 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 3.36 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given 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 1.30%. Chubb’s payout ratio is presently 16.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Piper Sandler boosted their price target on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Wells Fargo & Company reduced their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $303.14.

Insider Transactions at Chubb

In other news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at $5,820,978.04. The trade was a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company’s stock.

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.