1,559 Shares in Chubb Limited (NYSE:CB) Acquired by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC acquired a new position in Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,559 shares of the financial services provider’s stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ZRC Wealth Management LLC bought a new position in Chubb during the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of Chubb during the 4th quarter valued at about $32,000. Naples Money Management LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $34,000. Bell Investment Advisors Inc raised its holdings in shares of Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Chubb by 87.0% in the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 100 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 26,946 shares of Chubb stock in a transaction on Friday, March 15th. The shares were sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the sale, the executive vice president now owns 95,252 shares of the company’s stock, valued at approximately $24,481,669.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the completion of the sale, the executive vice president now owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,863 shares of company stock valued at $28,007,307. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Down 0.0 %

Shares of Chubb stock traded down $0.10 on Tuesday, hitting $251.95. 1,212,354 shares of the company traded hands, compared to its average volume of 1,726,294. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $102.31 billion, a PE ratio of 11.18, a PEG ratio of 1.17 and a beta of 0.63. The company has a 50-day moving average price of $251.85 and a 200 day moving average price of $237.76.

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

Chubb Announces Dividend

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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.37%. Chubb’s dividend payout ratio is currently 15.27%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. BMO Capital Markets lifted their price target on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Finally, TD Cowen began coverage on Chubb in a report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.74.

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.