Korea Investment CORP decreased its position in shares of Chubb Limited (NYSE:CB – Free Report) by 1.5% during the 4th quarter, Holdings Channel reports. The fund owned 327,792 shares of the financial services provider’s stock after selling 4,968 shares during the quarter. Korea Investment CORP’s holdings in Chubb were worth $102,310,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management raised its stake in Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after buying an additional 7,156 shares during the period. Chesley Taft & Associates LLC grew its stake in Chubb by 7.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock valued at $31,970,000 after acquiring an additional 7,043 shares during the period. Pallas Capital Advisors LLC increased its holdings in shares of Chubb by 42.3% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after acquiring an additional 4,233 shares in the last quarter. waypoint wealth counsel increased its holdings in shares of Chubb by 76.4% in the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Chubb during the third quarter worth about $3,123,000. Institutional investors and hedge funds own 83.81% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Wolfe Research lifted their price objective on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Piper Sandler increased their target price on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Wells Fargo & Company raised their target price on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Bank of America cut their price target on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $349.10.
Chubb Stock Up 0.0%
CB stock opened at $328.06 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $127.24 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.67 and a beta of 0.41. The business has a 50-day moving average of $324.93 and a 200-day moving average of $318.94. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.
Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (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, sell-side analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current fiscal year.
Chubb Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is 13.70%.
Insider Buying and Selling
In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director 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 disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.
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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