Chubb Limited $CB Shares Bought by &PARTNERS

&PARTNERS raised its holdings in Chubb Limited (NYSE:CB) by 11.6% during the 4th quarter, Holdings Channel reports. The firm owned 188,417 shares of the financial services provider’s stock after purchasing an additional 19,611 shares during the quarter. &PARTNERS’s holdings in Chubb were worth $58,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Blair William & Co. IL increased its stake in shares of Chubb by 2.0% during the 4th quarter. Blair William & Co. IL now owns 49,733 shares of the financial services provider’s stock worth $15,523,000 after purchasing an additional 993 shares in the last quarter. Royal Bank of Canada lifted its stake in Chubb by 5.9% in the 4th quarter. Royal Bank of Canada now owns 1,846,607 shares of the financial services provider’s stock valued at $576,362,000 after buying an additional 102,826 shares in the last quarter. Nicholas Wealth LLC. grew its holdings in Chubb by 9.3% during the 4th quarter. Nicholas Wealth LLC. now owns 4,689 shares of the financial services provider’s stock valued at $1,464,000 after buying an additional 399 shares during the last quarter. Dempze Nancy E grew its holdings in Chubb by 38.5% during the 4th quarter. Dempze Nancy E now owns 3,600 shares of the financial services provider’s stock valued at $1,124,000 after buying an additional 1,000 shares during the last quarter. Finally, Rothschild Wealth LLC increased its position in Chubb by 258.9% during the fourth quarter. Rothschild Wealth LLC now owns 2,900 shares of the financial services provider’s stock worth $905,000 after buying an additional 2,092 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Piper Sandler boosted their price target on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Bank of America decreased their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Evercore lifted their price objective on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Wolfe Research boosted their target price on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $349.10.

Chubb Stock Up 0.6%

CB opened at $328.89 on Wednesday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm has a 50 day moving average price of $324.90 and a 200 day moving average price of $319.53. 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 $127.56 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.67 and a beta of 0.41.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion for the quarter. Sell-side analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s dividend payout ratio is 14.41%.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

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.