Chubb Limited (NYSE:CB) Stock Holdings Lessened by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 50.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,782 shares of the financial services provider's stock after selling 1,809 shares during the period. Freedom Investment Management Inc.'s holdings in Chubb were worth $492,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CB. Sierra Ocean LLC purchased a new position in shares of Chubb during the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. purchased a new stake in Chubb in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $30,000. Human Investing LLC acquired a new position in shares of Chubb in the 4th quarter valued at $36,000. Finally, Mainstream Capital Management LLC purchased a new stake in Chubb during the fourth quarter worth $37,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CB shares. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a report on Thursday. JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $307.79.

Chubb Stock Performance

CB traded down $2.93 during trading on Friday, reaching $279.07. The company's stock had a trading volume of 2,378,001 shares, compared to its average volume of 1,630,854. The company's fifty day moving average price is $286.14 and its 200-day moving average price is $281.13. Chubb Limited has a 52-week low of $242.25 and a 52-week high of $306.91. The company has a market capitalization of $111.82 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. Chubb's payout ratio is 16.02%.

Insider Buying and Selling

In other Chubb news, 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 value of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by company insiders.

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.