Berry Wealth Group LP Purchases New Position in Chubb Limited (NYSE:CB)

Berry Wealth Group LP bought a new position in shares of Chubb Limited (NYSE:CB) in the fourth quarter, Holdings Channel reports. The fund bought 19,683 shares of the financial services provider’s stock, valued at approximately $4,448,000. Chubb makes up approximately 4.1% of Berry Wealth Group LP’s portfolio, making the stock its 9th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ZRC Wealth Management LLC bought a new stake in Chubb during the fourth quarter worth $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb during the 4th quarter worth $32,000. Naples Money Management LLC bought a new stake in shares of Chubb during the 4th quarter worth $34,000. Bell Investment Advisors Inc boosted its stake in Chubb by 39.6% in the third quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after buying an additional 59 shares in the last quarter. Finally, Addison Advisors LLC grew its position in Chubb by 87.0% in the fourth quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. TD Cowen assumed coverage on Chubb in a research note on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price for the company. Citigroup restated a “neutral” rating and issued a $275.00 target price (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Morgan Stanley boosted their price objective on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods increased their target price on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.89.

Chubb Stock Performance

CB stock traded up $1.52 during mid-day trading on Wednesday, hitting $250.16. The company had a trading volume of 424,413 shares, compared to its average volume of 1,739,102. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $101.58 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The stock’s fifty day moving average price is $252.26 and its two-hundred day moving average price is $236.43.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the prior year, the business earned $4.41 earnings per share. Chubb’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, analysts forecast that Chubb Limited will post 21.18 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

Insider Activity at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Chubb Company 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.