Chubb Limited (NYSE:CB) Shares Bought by Nemes Rush Group LLC

Nemes Rush Group LLC lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,919 shares of the financial services provider's stock after acquiring an additional 3,190 shares during the period. Chubb accounts for approximately 2.0% of Nemes Rush Group LLC's portfolio, making the stock its 12th biggest holding. Nemes Rush Group LLC's holdings in Chubb were worth $16,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after buying an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new position in Chubb in the 3rd quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb during the 4th quarter worth $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Chubb during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Up 0.2 %

Shares of CB traded up $0.62 during mid-day trading on Wednesday, reaching $302.02. 1,534,179 shares of the stock traded hands, compared to its average volume of 1,604,803. The stock has a fifty day simple moving average of $281.24 and a 200 day simple moving average of $281.74. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $304.34. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market cap of $120.93 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 3.36 and a beta of 0.66.

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Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.

Insider Buying and Selling at Chubb

In other news, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on 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 completion of the sale, the executive vice president now owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CB shares. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Piper Sandler upped their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, HSBC upgraded 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $303.14.

About Chubb

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.