OneAscent Financial Services LLC acquired a new stake in Chubb Limited (NYSE:CB – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,534 shares of the financial services provider’s stock, valued at approximately $523,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC grew its position in Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the last quarter. Phillips Wealth Planners LLC raised its holdings in shares of Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after buying an additional 31 shares during the last quarter. Hoxton Planning & Management LLC boosted its position in shares of Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after buying an additional 31 shares during the period. G&S Capital LLC boosted its position in shares of Chubb by 1.5% during the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $709,000 after buying an additional 34 shares during the period. Finally, South Plains Financial Inc. boosted its position in shares of Chubb by 2.2% during the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock worth $500,000 after buying an additional 34 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.
Chubb Price Performance
NYSE CB opened at $342.98 on Friday. Chubb Limited has a 12 month low of $265.30 and a 12 month high of $365.91. The firm has a market capitalization of $132.32 billion, a PE ratio of 12.13, a P/E/G ratio of 1.68 and a beta of 0.39. The company’s 50 day simple moving average is $345.61 and its 200 day simple moving average is $333.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.
Chubb Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $1.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 14.43%.
Insider Buying and Selling at Chubb
In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Evercore restated an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Wells Fargo & Company reduced their price target on Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets increased their price target on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Atlantic Securities set a $301.00 price target on Chubb in a report on Wednesday, July 15th. Finally, Citizens Jmp restated a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $361.00.
Get Our Latest Stock Analysis 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.
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