Sierra Summit Advisors LLC Purchases 1,274 Shares of Chubb Limited (NYSE:CB)

Sierra Summit Advisors LLC lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,361 shares of the financial services provider's stock after purchasing an additional 1,274 shares during the period. Sierra Summit Advisors LLC's holdings in Chubb were worth $1,758,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Chubb by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after buying an additional 271,648 shares during the last quarter. FMR LLC increased its stake in Chubb by 0.6% during the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after buying an additional 91,892 shares during the period. GQG Partners LLC raised its holdings in Chubb by 36.3% during the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock worth $1,223,932,000 after purchasing an additional 1,178,628 shares in the last quarter. Norges Bank acquired a new stake in shares of Chubb in the fourth quarter valued at $1,169,720,000. Finally, Raymond James Financial Inc. acquired a new stake in Chubb in the 4th quarter valued at about $1,158,897,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CB shares. Piper Sandler upped their price target on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Wells Fargo & Company cut their target price on Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods decreased their price target on Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a research report on Wednesday. UBS Group boosted their price objective on Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $303.67.

Chubb Stock Up 0.3 %

NYSE:CB traded up $0.96 during trading hours on Friday, reaching $283.30. The company's stock had a trading volume of 2,562,466 shares, compared to its average volume of 1,634,658. Chubb Limited has a one year low of $238.85 and a one year high of $306.91. The business's 50-day moving average is $283.03 and its 200-day moving average is $281.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market cap of $113.51 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts predict 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. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's payout ratio is 16.02%.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm'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 of the company's stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO George F. Ohsiek sold 763 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company's stock.

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.