Imprint Wealth LLC Sells 203 Shares of Chubb Limited (NYSE:CB)

Imprint Wealth LLC lessened its position in shares of Chubb Limited (NYSE:CB) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,156 shares of the financial services provider’s stock after selling 203 shares during the period. Imprint Wealth LLC’s holdings in Chubb were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in Chubb during the 4th quarter worth approximately $25,000. IMA Wealth Inc. grew its stake in Chubb by 275.7% in the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after buying an additional 102 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Chubb in the 3rd quarter worth approximately $28,000. ZRC Wealth Management LLC purchased a new position in Chubb in the 4th quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Chubb in the 4th quarter worth approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CB shares. Piper Sandler reissued an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. HSBC reaffirmed a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada upped their price objective on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $266.37.

Chubb Stock Performance

Shares of NYSE CB opened at $245.25 on Wednesday. The firm’s 50-day moving average price is $252.50 and its 200-day moving average price is $233.73. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market cap of $99.57 billion, a PE ratio of 11.23, a PEG ratio of 1.16 and a beta of 0.62. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, analysts anticipate that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

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.