Mach 1 Financial Group LLC purchased a new stake in shares of Chubb Limited (NYSE:CB – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 4,330 shares of the financial services provider’s stock, valued at approximately $1,352,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Spire Wealth Management boosted its holdings in Chubb by 490.5% during the fourth quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 7,156 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in Chubb by 7.4% during 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 purchasing an additional 7,043 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in Chubb by 42.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 4,233 shares in the last quarter. Caprock Group LLC acquired a new stake in Chubb during the third quarter valued at approximately $3,123,000. Finally, waypoint wealth counsel boosted its holdings in Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after purchasing an additional 1,784 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.
Chubb Stock Down 0.4%
Shares of CB opened at $328.70 on Thursday. The company has a market capitalization of $127.49 billion, a P/E ratio of 11.61, a PEG ratio of 1.69 and a beta of 0.43. 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 Limited has a one year low of $264.10 and a one year high of $345.67. The business’s 50 day simple moving average is $326.29 and its 200-day simple moving average is $315.35.
Chubb Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s payout ratio is presently 13.70%.
Insider Activity at Chubb
In other 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 value of $658,600.00. Following the transaction, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CB. HSBC lifted their price objective on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Keefe, Bruyette & Woods lifted their price objective on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. 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. The Goldman Sachs Group lifted their price objective on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Finally, Jefferies Financial Group decreased their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $349.33.
Chubb Company Profile
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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