Chubb Limited (NYSE:CB) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its position in Chubb Limited (NYSE:CB - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,911 shares of the financial services provider's stock after acquiring an additional 7,002 shares during the period. NewEdge Advisors LLC's holdings in Chubb were worth $20,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in Chubb in the fourth quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb during the fourth quarter worth approximately $29,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $30,000. Human Investing LLC acquired a new stake in Chubb in the 4th quarter valued at $36,000. Finally, Mainstream Capital Management LLC purchased a new stake in Chubb in the 4th quarter worth $37,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CB. JMP Securities restated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Jefferies Financial Group boosted their price target on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. UBS Group upped their target price on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Piper Sandler boosted their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Finally, HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $307.21.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm'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 sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction 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 in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,470 shares of company stock worth $18,562,730. Company insiders own 0.86% of the company's stock.

Chubb Stock Performance

CB stock traded down $7.53 on Monday, hitting $278.06. The company's stock had a trading volume of 614,849 shares, compared to its average volume of 1,629,058. The stock has a market cap of $111.41 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The firm has a 50 day moving average of $284.62 and a two-hundred day moving average of $281.08. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91.

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

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. Chubb's payout ratio is currently 16.02%.

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.