Altrinsic Global Advisors LLC reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,000,523 shares of the financial services provider's stock after selling 21,239 shares during the quarter. Chubb accounts for approximately 13.4% of Altrinsic Global Advisors LLC's holdings, making the stock its largest holding. Altrinsic Global Advisors LLC owned about 0.25% of Chubb worth $276,445,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter worth about $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb in the 4th quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares during the last quarter. Human Investing LLC acquired a new stake in shares of Chubb during the fourth quarter worth approximately $36,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Chubb in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 83.81% of the company's stock.
Chubb Stock Up 3.9 %
NYSE CB opened at $290.58 on Wednesday. The stock has a market cap of $116.43 billion, a PE ratio of 12.79, a PEG ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The firm has a 50-day simple moving average of $285.38 and a 200 day simple moving average of $281.07.
Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.
Chubb Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb's dividend payout ratio is currently 16.02%.
Analyst Ratings Changes
A number of research firms have commented on CB. UBS Group increased their price objective on shares of Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Royal Bank of Canada restated an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Finally, Barclays cut their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $307.21.
View Our Latest Stock Analysis on CB
Insider Activity
In other news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares of the company's stock, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.86% of the stock is owned by company insiders.
Chubb Profile
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Chubb, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chubb wasn't on the list.
While Chubb currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
