Clearstead Trust LLC Raises Stock Holdings in Chubb Limited (NYSE:CB)

Clearstead Trust LLC raised its stake in Chubb Limited (NYSE:CB - Free Report) by 2,125.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,780 shares of the financial services provider's stock after acquiring an additional 1,700 shares during the quarter. Clearstead Trust LLC's holdings in Chubb were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. Raymond James Financial Inc. bought a new position in Chubb in the 4th quarter valued at approximately $1,158,897,000. Charles Schwab Investment Management Inc. raised its holdings in Chubb by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider's stock valued at $617,573,000 after buying an additional 46,068 shares during the last quarter. Barclays PLC raised its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. Finally, Amundi raised its holdings in Chubb by 8.1% in the 4th quarter. Amundi now owns 1,308,179 shares of the financial services provider's stock valued at $348,826,000 after buying an additional 97,705 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

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Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated 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 of the company's stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value 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 $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of NYSE CB traded up $4.37 during mid-day trading on Monday, reaching $298.33. 940,289 shares of the company's stock were exchanged, compared to its average volume of 1,502,147. The firm has a market capitalization of $119.46 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. 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 firm has a 50-day moving average price of $273.60 and a two-hundred day moving average price of $280.86.

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

Chubb Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio (DPR) is currently 16.02%.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent analyst reports. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Barclays decreased their target price on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chubb currently has an average rating of "Hold" and a consensus 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.