Stamos Capital Partners L.P. Acquires New Stake in Chubb Limited (NYSE:CB)

Stamos Capital Partners L.P. bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,820 shares of the financial services provider's stock, valued at approximately $503,000.

Several other hedge funds also recently bought and sold shares of the stock. Barclays PLC grew 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 buying an additional 388,746 shares during the period. Invst LLC grew its holdings in Chubb by 6.0% in the third quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 52 shares during the period. Boyar Asset Management Inc. raised its stake in Chubb by 3.8% during the third quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock worth $804,000 after purchasing an additional 102 shares during the period. World Investment Advisors LLC grew its stake in shares of Chubb by 895.5% during the 3rd quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after buying an additional 28,950 shares during the period. Finally, Sfmg LLC increased its holdings in shares of Chubb by 2.4% during the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred 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 sale, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Piper Sandler upped their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Wells Fargo & Company reduced their price target on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Barclays dropped their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. UBS Group lifted their target price on shares of Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lowered their price target on Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $307.21.

Chubb Stock Up 0.1 %

CB stock traded up $0.22 during mid-day trading on Friday, hitting $285.29. 2,477,527 shares of the company were exchanged, compared to its average volume of 1,636,533. The company has a market capitalization of $114.31 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The firm has a fifty day simple moving average of $284.62 and a 200 day simple moving average of $281.20. 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 twelve month low of $238.85 and a twelve month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (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%. On average, 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 announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.

About Chubb

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.