SmartHarvest Portfolios LLC purchased a new position in Chubb Limited (NYSE:CB – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,218 shares of the financial services provider’s stock, valued at approximately $692,000.
Other hedge funds also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb in the 3rd quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new position in Chubb in the fourth quarter worth about $31,000. Ares Financial Consulting LLC purchased a new position in Chubb in the fourth quarter worth about $32,000. Finally, Cherry Tree Wealth Management LLC increased its stake in Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Insider Activity
In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the business’s 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 directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Analysis on CB
Chubb Trading Down 0.7%
CB opened at $328.14 on Friday. 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 stock’s 50 day moving average price is $324.92 and its 200-day moving average price is $318.88. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The stock has a market cap of $127.27 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.69 and a beta of 0.41.
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. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts forecast that Chubb Limited will post 26.8 EPS for the current year.
Chubb Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a $1.02 dividend. The ex-dividend date is Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 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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