TIAA Trust National Association Acquires 1,555 Shares of Chubb Limited $CB

TIAA Trust National Association lifted its holdings in Chubb Limited (NYSE:CB) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,688 shares of the financial services provider’s stock after acquiring an additional 1,555 shares during the period. TIAA Trust National Association’s holdings in Chubb were worth $3,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CB. CBIZ Investment Advisory Services LLC raised its position 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 worth $26,000 after acquiring an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the 3rd quarter worth about $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the 4th quarter worth about $31,000. Ares Financial Consulting LLC bought a new position in shares of Chubb in the 4th quarter worth about $32,000. Finally, Cherry Tree Wealth Management LLC raised its position in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

Shares of Chubb stock opened at $330.55 on Thursday. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The firm has a market capitalization of $128.21 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.66 and a beta of 0.41. The business has a 50-day simple moving average of $324.87 and a 200 day simple moving average of $318.67. 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 earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion during the quarter. On average, research analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio is presently 14.41%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Evercore lifted 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. JPMorgan Chase & Co. boosted their target price on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft boosted their target price on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Finally, Mizuho decreased their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $349.43.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

About Chubb

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.