ExodusPoint Capital Management LP Increases Holdings in Chubb Limited (NYSE:CB)

ExodusPoint Capital Management LP boosted its position in shares of Chubb Limited (NYSE:CB) by 49.8% during the 4th quarter, HoldingsChannel reports. The firm owned 58,502 shares of the financial services provider’s stock after buying an additional 19,440 shares during the period. ExodusPoint Capital Management LP’s holdings in Chubb were worth $16,164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Selway Asset Management raised its holdings in shares of Chubb by 2.0% in the fourth quarter. Selway Asset Management now owns 21,852 shares of the financial services provider’s stock valued at $6,038,000 after acquiring an additional 430 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of Chubb by 53.0% in the 4th quarter. Arete Wealth Advisors LLC now owns 1,068 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 370 shares during the period. World Investment Advisors increased its holdings in Chubb by 7.0% during the fourth quarter. World Investment Advisors now owns 34,437 shares of the financial services provider’s stock valued at $9,515,000 after buying an additional 2,254 shares during the period. Disciplined Investors L.L.C. bought a new position in Chubb in the fourth quarter worth approximately $255,000. Finally, Huntington National Bank raised its stake in Chubb by 1.7% in the fourth quarter. Huntington National Bank now owns 359,566 shares of the financial services provider’s stock worth $99,349,000 after buying an additional 6,072 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 0.3 %

Shares of CB stock opened at $302.42 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The firm has a market capitalization of $121.09 billion, a PE ratio of 13.31, a P/E/G ratio of 3.36 and a beta of 0.66. 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 stock’s 50-day simple moving average is $281.97 and its 200-day simple moving average is $281.88.

Chubb (NYSE:CB) last issued its quarterly 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 net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.20%. Chubb’s dividend payout ratio is presently 16.02%.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Piper Sandler raised their target price on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $303.14.

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.