Thrivent Financial for Lutherans boosted its stake in shares of Chubb Limited (NYSE:CB – Free Report) by 18.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,613 shares of the financial services provider’s stock after acquiring an additional 2,631 shares during the period. Thrivent Financial for Lutherans’ holdings in Chubb were worth $5,214,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new position in Chubb during the fourth quarter valued at $31,000. Ares Financial Consulting LLC purchased a new position in shares of Chubb in the 4th quarter worth $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Chubb in the 3rd quarter worth about $31,000. Cornerstone Planning Group LLC raised its position in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of Chubb during the 4th quarter valued at about $40,000. 83.81% of the stock is owned by hedge funds and other institutional investors.
Chubb Trading Up 0.5%
Shares of NYSE CB opened at $330.08 on Friday. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $128.03 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.68 and a beta of 0.43. The business’s 50 day moving average price is $326.38 and its 200-day moving average price is $315.73.
Chubb Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 13.70%.
Insider Buying and Selling
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 completion of the sale, the director owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research firms recently commented on CB. Jefferies Financial Group dropped their price target on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Wolfe Research raised their price objective on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. The Goldman Sachs Group lifted their target price on Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Citizens Jmp boosted their target price on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Finally, HSBC increased their price target on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Two 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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $349.33.
View Our Latest Research Report on CB
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.
Read More
- Five stocks we like better than Chubb
- Intuit’s Great SaaS Reset: Fired By AI
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.
