1,118 Shares in Chubb Limited (NYSE:CB) Acquired by Optimize Financial Inc

Optimize Financial Inc acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,118 shares of the financial services provider's stock, valued at approximately $309,000.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Invst LLC raised its position in shares of Chubb by 6.0% in the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider's stock worth $264,000 after buying an additional 52 shares during the period. Boyar Asset Management Inc. lifted its stake in shares of Chubb by 3.8% in the 3rd 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 grew its stake 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 worth $9,281,000 after buying an additional 28,950 shares during the period. Finally, Sfmg LLC increased its holdings in Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock valued at $485,000 after purchasing an additional 40 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CB. 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 report on Tuesday, April 1st. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price target on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $307.21.

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Chubb Stock Performance

NYSE:CB traded up $0.71 during midday trading on Wednesday, reaching $285.51. 1,461,597 shares of the company traded hands, compared to its average volume of 1,633,541. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. 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 company has a fifty day moving average price of $283.58 and a 200 day moving average price of $281.24. The firm has a market capitalization of $114.40 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.63% and a return on equity of 13.75%. On average, analysts expect that Chubb Limited will post 21.52 EPS 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 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 1.27%. Chubb's dividend payout ratio is presently 16.02%.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last quarter. 0.86% of the stock is currently owned by company insiders.

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.