Sagespring Wealth Partners LLC Makes New Investment in Chubb Limited (NYSE:CB)

Sagespring Wealth Partners LLC acquired a new stake in shares of Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,597 shares of the financial services provider's stock, valued at approximately $2,928,000.

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

Insider Activity

In other news, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sold 63,470 shares of company stock worth $18,562,730 over the last three months. Corporate insiders own 0.86% of the company's stock.

Chubb Stock Performance

NYSE:CB traded up $0.22 during midday trading on Friday, reaching $285.29. 2,477,527 shares of the company traded hands, compared to its average volume of 1,636,252. 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 $284.27 and a 200 day moving average price of $281.25. The firm has a market capitalization of $114.31 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts' consensus estimates 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 declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.

Wall Street Analyst Weigh In

CB has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Piper Sandler boosted 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. Keefe, Bruyette & Woods lowered their target price on Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, UBS Group raised their price objective on Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Two equities research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $307.21.

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.