Chubb Limited (NYSE:CB) Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 43,904.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,325 shares of the financial services provider's stock after acquiring an additional 45,222 shares during the period. New Age Alpha Advisors LLC's holdings in Chubb were worth $12,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the 3rd quarter worth $29,000. Raelipskie Partnership bought a new stake in shares of Chubb in the 3rd quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of Chubb in the 4th quarter valued at about $29,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

NYSE CB traded up $0.84 during trading hours on Tuesday, reaching $302.83. The company's stock had a trading volume of 501,834 shares, compared to its average volume of 1,595,368. The firm has a market capitalization of $121.26 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $307.47. The company's 50-day moving average is $279.92 and its two-hundred day moving average is $281.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Remove Ads

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 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%. On average, equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.20%. Chubb's payout ratio is 16.02%.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Piper Sandler increased their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Finally, Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chubb presently has a consensus rating of "Hold" and an average target price of $303.14.

Chubb 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.