Twin Focus Capital Partners LLC Purchases New Position in Chubb Limited (NYSE:CB)

Twin Focus Capital Partners LLC bought a new position in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,018 shares of the financial services provider’s stock, valued at approximately $230,000.

Several other hedge funds have also recently made changes to their positions in CB. CCM Investment Advisers LLC grew its holdings in shares of Chubb by 0.6% during the fourth quarter. CCM Investment Advisers LLC now owns 55,858 shares of the financial services provider’s stock worth $12,624,000 after purchasing an additional 354 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of Chubb during the 4th quarter valued at $87,000. Scarborough Advisors LLC purchased a new stake in Chubb during the fourth quarter valued at about $34,000. Abel Hall LLC bought a new stake in Chubb in the 4th quarter worth approximately $217,000. Finally, Syon Capital LLC boosted its stake in Chubb by 6.3% in the fourth quarter. Syon Capital LLC now owns 3,034 shares of the financial services provider’s stock worth $686,000 after buying an additional 179 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Chubb news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at approximately $71,596,589.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders sold a total of 88,119 shares of company stock valued at $22,593,042 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CB. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Citigroup reaffirmed a “neutral” rating and set a $275.00 price target (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Piper Sandler restated an “overweight” rating and set a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods cut their price target on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a research note on Tuesday, May 7th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.70.

Chubb Stock Down 1.1 %

NYSE:CB traded down $2.83 during trading hours on Friday, hitting $259.46. 1,351,637 shares of the stock traded hands, compared to its average volume of 1,558,962. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $275.41. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a market cap of $105.36 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 6.22 and a beta of 0.66. The firm has a 50 day moving average price of $256.17 and a 200 day moving average price of $246.23.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.12. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.41 earnings per share. Equities research analysts anticipate that Chubb Limited will post 21.19 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s payout ratio is currently 15.27%.

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.