Dempze Nancy E Decreases Stake in Chubb Limited (NYSE:CB)

Dempze Nancy E cut its holdings in shares of Chubb Limited (NYSE:CB) by 17.1% in the 4th quarter, Holdings Channel reports. The fund owned 2,900 shares of the financial services provider’s stock after selling 600 shares during the period. Dempze Nancy E’s holdings in Chubb were worth $801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. KCM Investment Advisors LLC grew its stake in Chubb by 1.8% during the 4th quarter. KCM Investment Advisors LLC now owns 16,627 shares of the financial services provider’s stock valued at $4,594,000 after purchasing an additional 299 shares in the last quarter. Unison Advisors LLC boosted its stake in shares of Chubb by 0.3% during the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $3,742,000 after buying an additional 41 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Chubb by 15.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 527 shares of the financial services provider’s stock worth $146,000 after buying an additional 70 shares in the last quarter. Climber Capital SA bought a new stake in shares of Chubb in the fourth quarter worth $232,000. Finally, Pitcairn Co. raised its holdings in Chubb by 8.6% in the fourth quarter. Pitcairn Co. now owns 5,930 shares of the financial services provider’s stock valued at $1,638,000 after acquiring an additional 472 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

CB opened at $280.74 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $282.25 and its 200-day moving average is $281.81. The stock has a market cap of $112.41 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. Chubb’s dividend payout ratio is presently 16.02%.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Piper Sandler boosted their price target on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $303.14.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.