Clearstead Trust LLC Buys 1,700 Shares of Chubb Limited (NYSE:CB)

Clearstead Trust LLC boosted its position in Chubb Limited (NYSE:CB - Free Report) by 2,125.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,780 shares of the financial services provider's stock after acquiring an additional 1,700 shares during the period. Clearstead Trust LLC's holdings in Chubb were worth $492,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the third quarter worth about $29,000. Raelipskie Partnership bought a new stake in Chubb in the 3rd quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in Chubb in the 4th quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were 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 directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

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Chubb Price Performance

NYSE:CB traded up $5.91 during mid-day trading on Friday, reaching $294.46. The stock had a trading volume of 2,301,935 shares, compared to its average volume of 1,503,952. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a 50 day moving average price of $273.60 and a two-hundred day moving average price of $280.86. The stock has a market capitalization of $117.91 billion, a P/E ratio of 12.96, a P/E/G ratio of 3.36 and a beta of 0.66.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.24%. Chubb's dividend payout ratio (DPR) is currently 16.02%.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. JMP Securities restated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Barclays lowered 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. Finally, Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of "Hold" and an average target price of $301.00.

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.