Guardian Wealth Advisors LLC NC Grows Holdings in Chubb Limited (NYSE:CB)

Guardian Wealth Advisors LLC NC raised its holdings in Chubb Limited (NYSE:CB) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,051 shares of the financial services provider’s stock after purchasing an additional 113 shares during the quarter. Guardian Wealth Advisors LLC NC’s holdings in Chubb were worth $290,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CB. Sierra Ocean LLC purchased a new position in Chubb in the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in Chubb in the 4th quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new position in Chubb during the 4th quarter valued at about $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 89 shares in the last quarter. Finally, Human Investing LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Barclays decreased their price target on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Piper Sandler raised their price target on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. UBS Group raised their target price on Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Finally, Raymond James restated a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.86.

Chubb Stock Performance

CB stock opened at $289.92 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $288.46 and its 200 day simple moving average is $280.67. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The stock has a market capitalization of $116.18 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio is presently 17.52%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 in the last three months. Corporate insiders own 0.86% of the company’s stock.

About Chubb

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.