IHT Wealth Management LLC Has $1.11 Million Stake in Chubb Limited (NYSE:CB)

IHT Wealth Management LLC lowered its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 20.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,023 shares of the financial services provider's stock after selling 1,051 shares during the period. IHT Wealth Management LLC's holdings in Chubb were worth $1,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sierra Ocean LLC bought a new stake in Chubb in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new stake in Chubb during the fourth quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 89 shares during the period. Human Investing LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $36,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $37,000. Institutional investors own 83.81% of the company's stock.

Chubb Trading Down 1.9 %

CB stock opened at $284.76 on Thursday. 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 Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The company has a market cap of $114.10 billion, a P/E ratio of 12.53, a PEG ratio of 3.36 and a beta of 0.47. The business has a fifty day moving average of $285.78 and a 200-day moving average of $281.10.

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

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid 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 1.28%. Chubb's payout ratio is presently 16.02%.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the sale, the executive vice president now owns 78,422 shares in the company, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on CB shares. Keefe, Bruyette & Woods lowered their price target on Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. UBS Group lifted their price target on shares of Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. JMP Securities restated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, Piper Sandler raised their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of "Hold" and an average target price of $307.21.

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.

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