1,163 Shares in Chubb Limited (NYSE:CB) Purchased by Bison Wealth LLC

Bison Wealth LLC bought a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,163 shares of the financial services provider’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CB. Americana Partners LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $292,000. Lazard Asset Management LLC boosted its holdings in shares of Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after acquiring an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its stake in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares during the period. Graypoint LLC raised its holdings in Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in Chubb in the fourth quarter valued at about $1,403,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Down 0.7 %

NYSE CB opened at $243.46 on Thursday. The company has a market cap of $98.84 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.16 and a beta of 0.62. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The company has a 50-day moving average of $252.43 and a 200-day moving average of $233.80.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping the consensus estimate of $5.07 by $3.23. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, equities analysts predict that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.41%. Chubb’s payout ratio is 15.76%.

Insider Buying and Selling

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. HSBC reiterated a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Raymond James increased their price objective on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Wells Fargo & Company lifted their target price on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Finally, Royal Bank of Canada raised their price objective on shares of Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus price target of $266.37.

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.