Orion Portfolio Solutions LLC Raises Holdings in Chubb Limited (NYSE:CB)

Orion Portfolio Solutions LLC lifted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,355 shares of the financial services provider's stock after acquiring an additional 961 shares during the period. Orion Portfolio Solutions LLC's holdings in Chubb were worth $10,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Continuum Advisory LLC increased its stake in 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 purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter worth $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the 3rd quarter worth $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 over the last 90 days. Insiders own 0.86% of the company's stock.

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Chubb Price Performance

CB stock traded down $0.76 on Wednesday, reaching $300.64. The company had a trading volume of 512,903 shares, compared to its average volume of 1,783,603. The company's fifty day moving average is $280.57 and its 200 day moving average is $281.60. The company has a market cap of $120.38 billion, a P/E ratio of 13.23, a PEG ratio of 3.36 and a beta of 0.66. 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 1 year low of $238.85 and a 1 year high of $304.34.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on CB shares. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Piper Sandler increased their price target on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.