Chubb Limited (NYSE:CB) Shares Purchased by Mariner LLC

Mariner LLC raised its holdings in Chubb Limited (NYSE:CB) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 110,580 shares of the financial services provider’s stock after acquiring an additional 1,977 shares during the period. Mariner LLC’s holdings in Chubb were worth $30,553,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in Chubb during the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb in the fourth quarter valued at $29,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb during the 4th quarter valued at $30,000. Human Investing LLC bought a new stake in shares of Chubb during the 4th quarter worth $36,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Chubb in the 4th quarter worth $37,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CB. Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a report on Friday, April 11th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Finally, Piper Sandler lifted their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $307.21.

Chubb Trading Down 1.3 %

NYSE CB opened at $284.71 on Wednesday. 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 Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The firm’s fifty day simple moving average is $283.58 and its 200-day simple moving average is $281.24. The company has a market capitalization of $114.08 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares of the company’s stock, valued at $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction dated 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 directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last ninety days. Corporate 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.