Forum Financial Management LP grew its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,788 shares of the financial services provider's stock after acquiring an additional 2,227 shares during the quarter. Forum Financial Management LP's holdings in Chubb were worth $1,876,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of CB. Barclays PLC increased its holdings in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Invst LLC increased its stake in Chubb by 6.0% in the third quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after acquiring an additional 52 shares during the last quarter. Boyar Asset Management Inc. raised its position in Chubb by 3.8% during the third quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock valued at $804,000 after purchasing an additional 102 shares in the last quarter. World Investment Advisors LLC raised its position in Chubb by 895.5% during the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after purchasing an additional 28,950 shares in the last quarter. Finally, Sfmg LLC boosted its holdings in shares of Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors 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 stock in a transaction dated Tuesday, March 4th. The shares were 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 $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, 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. In the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.86% of the company's stock.
Chubb Price Performance
Shares of Chubb stock opened at $285.29 on Friday. The business has a 50 day moving average of $284.62 and a 200 day moving average of $281.20. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $306.91. The company has a market cap of $114.31 billion, a PE ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.
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, 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%. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb's dividend payout ratio (DPR) is 16.02%.
Wall Street Analyst Weigh In
CB has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their target price on Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Piper Sandler upped their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. JMP Securities reiterated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. Two equities 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $307.21.
Check Out Our Latest Research Report on CB
Chubb Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB - Free Report).
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