Catalyst Funds Management Pty Ltd increased its position in shares of Chubb Limited (NYSE:CB – Free Report) by 246.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,200 shares of the financial services provider’s stock after purchasing an additional 3,700 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Chubb were worth $1,623,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Kathmere Capital Management LLC boosted its holdings in shares of Chubb by 2.7% in the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after buying an additional 34 shares during the period. Wright Investors Service Inc. lifted its holdings in Chubb by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after acquiring an additional 34 shares during the last quarter. G&S Capital LLC boosted its stake in Chubb by 1.5% in the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 34 shares during the period. Golden State Wealth Management LLC boosted its stake in Chubb by 7.4% in the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 36 shares during the period. Finally, Phoenix Wealth Advisors grew its holdings in shares of Chubb by 0.4% during the fourth quarter. Phoenix Wealth Advisors now owns 8,467 shares of the financial services provider’s stock valued at $2,643,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.
Insider Buying and Selling at Chubb
In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Research Report on CB
Chubb Stock Performance
Shares of NYSE CB opened at $328.03 on Friday. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a market cap of $127.23 billion, a PE ratio of 11.58, a P/E/G ratio of 1.68 and a beta of 0.43. The stock has a 50 day simple moving average of $326.50 and a 200-day simple moving average of $315.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.
Chubb (NYSE:CB – Get Free Report) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities research analysts forecast that Chubb Limited will post 26.78 EPS for the current year.
Chubb Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is 13.70%.
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.
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