Chubb Limited (NYSE:CB) Shares Bought by SlateStone Wealth LLC

SlateStone Wealth LLC raised its holdings in Chubb Limited (NYSE:CB) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,455 shares of the financial services provider’s stock after purchasing an additional 1,926 shares during the period. SlateStone Wealth LLC’s holdings in Chubb were worth $5,075,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. AE Wealth Management LLC boosted its stake in shares of Chubb by 2.7% in the third quarter. AE Wealth Management LLC now owns 21,366 shares of the financial services provider’s stock worth $4,448,000 after acquiring an additional 553 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Chubb by 34.7% in the third quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 280 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Chubb by 26.0% in the third quarter. Ritholtz Wealth Management now owns 4,789 shares of the financial services provider’s stock worth $997,000 after acquiring an additional 987 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Chubb by 15.8% in the third quarter. Arkadios Wealth Advisors now owns 1,592 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 217 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its stake in shares of Chubb by 2.6% in the third quarter. Naples Global Advisors LLC now owns 7,667 shares of the financial services provider’s stock worth $1,603,000 after acquiring an additional 194 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the topic of a number of analyst reports. Citigroup reiterated a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Morgan Stanley lifted their price objective on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. HSBC restated a “hold” rating and issued a $270.00 target price (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. JPMorgan Chase & Co. lifted their target price on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. Nine equities research 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Stock Performance

NYSE:CB opened at $249.88 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $101.45 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The firm’s fifty day moving average price is $252.64 and its 200 day moving average price is $235.15. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Chubb’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.41 EPS. On average, sell-side analysts expect that Chubb Limited will post 21.32 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated 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 directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock valued at $29,766,694 in the last ninety days. 0.86% of the stock is currently owned by company insiders.

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.