2,162 Shares in Chubb Limited $CB Bought by Harbour Wealth Management Group Inc.

Harbour Wealth Management Group Inc. bought a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,162 shares of the financial services provider’s stock, valued at approximately $675,000.

Several other institutional investors also recently bought and sold shares of CB. CBIZ Investment Advisory Services LLC raised its stake in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in Chubb during the fourth quarter worth approximately $31,000. Ares Financial Consulting LLC acquired a new position in Chubb during the fourth quarter valued at approximately $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in Chubb during the third quarter valued at approximately $31,000. Finally, Cherry Tree Wealth Management LLC raised its position in shares of Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CB. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Citizens Jmp boosted their target price on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Piper Sandler lifted their price objective on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Finally, Evercore boosted their price objective on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $349.10.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.37% of the stock is owned by corporate insiders.

Chubb Price Performance

NYSE:CB opened at $323.88 on Friday. The stock has a market cap of $125.62 billion, a P/E ratio of 11.44, a PEG ratio of 1.68 and a beta of 0.41. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The company has a fifty day moving average price of $324.87 and a 200 day moving average price of $319.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion during the quarter. Analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.3%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s dividend payout ratio (DPR) is 14.41%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.