Guggenheim Capital LLC Decreases Stake in Chubb Limited (NYSE:CB)

Guggenheim Capital LLC decreased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,070 shares of the financial services provider's stock after selling 2,160 shares during the period. Guggenheim Capital LLC's holdings in Chubb were worth $19,360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Chubb during the 4th quarter valued at approximately $285,000. Dagco Inc. lifted its stake in shares of Chubb by 6.6% in the 4th quarter. Dagco Inc. now owns 1,913 shares of the financial services provider's stock valued at $529,000 after purchasing an additional 118 shares during the period. Broyhill Asset Management bought a new stake in shares of Chubb during the fourth quarter valued at approximately $434,000. Belpointe Asset Management LLC grew its stake in Chubb by 7.5% in the fourth quarter. Belpointe Asset Management LLC now owns 2,062 shares of the financial services provider's stock worth $586,000 after purchasing an additional 143 shares during the period. Finally, Mariner LLC raised its holdings in Chubb by 1.8% in the fourth quarter. Mariner LLC now owns 110,580 shares of the financial services provider's stock worth $30,553,000 after purchasing an additional 1,977 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CB shares. Jefferies Financial Group upped their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Piper Sandler raised their target price 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. Wells Fargo & Company cut their price target on Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. lifted their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $307.21.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated 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 represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of CB traded down $3.48 on Monday, reaching $282.12. The company's stock had a trading volume of 169,054 shares, compared to its average volume of 1,626,995. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $306.91. The stock has a market capitalization of $113.04 billion, a P/E ratio of 12.42, a PEG ratio of 3.36 and a beta of 0.47. 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 stock's 50 day simple moving average is $284.62 and its two-hundred day simple moving average is $281.08.

Chubb (NYSE:CB - Get Free Report) last posted 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 return on equity of 13.75% and a net margin of 16.63%. Research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given 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 1.29%. Chubb's payout ratio is currently 16.02%.

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.