Waycross Partners LLC Raises Stock Position in Chubb Limited (NYSE:CB)

Waycross Partners LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,044 shares of the financial services provider’s stock after acquiring an additional 2,653 shares during the period. Chubb accounts for about 1.9% of Waycross Partners LLC’s holdings, making the stock its 23rd biggest position. Waycross Partners LLC’s holdings in Chubb were worth $10,180,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Savant Capital LLC grew its stake in Chubb by 1.3% during the fourth quarter. Savant Capital LLC now owns 14,395 shares of the financial services provider’s stock valued at $3,253,000 after acquiring an additional 179 shares in the last quarter. MONECO Advisors LLC purchased a new position in Chubb in the 4th quarter worth approximately $209,000. Jackson Creek Investment Advisors LLC purchased a new position in Chubb in the 4th quarter worth approximately $424,000. Certuity LLC grew its stake in Chubb by 11.3% in the 4th quarter. Certuity LLC now owns 4,164 shares of the financial services provider’s stock worth $941,000 after buying an additional 423 shares in the last quarter. Finally, Field & Main Bank grew its stake in Chubb by 6.0% in the 4th quarter. Field & Main Bank now owns 4,655 shares of the financial services provider’s stock worth $1,052,000 after buying an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the 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 completion of the transaction, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last three months. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on CB shares. Piper Sandler reissued an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Royal Bank of Canada cut their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. HSBC reaffirmed a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Trading Down 0.2 %

NYSE CB traded down $0.60 during trading on Tuesday, hitting $248.62. The company had a trading volume of 1,862,883 shares, compared to its average volume of 1,755,866. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a market cap of $100.94 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company’s fifty day moving average is $252.26 and its 200-day moving average is $236.43.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.41 EPS. On average, sell-side analysts predict that Chubb Limited will post 21.17 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio is presently 15.27%.

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.