Calamos Advisors LLC Buys 1,489 Shares of Chubb Limited (NYSE:CB)

Calamos Advisors LLC grew its holdings in Chubb Limited (NYSE:CB) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,962 shares of the financial services provider’s stock after acquiring an additional 1,489 shares during the quarter. Calamos Advisors LLC owned 0.05% of Chubb worth $46,321,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of Chubb in the fourth quarter worth about $25,000. BOK Financial Private Wealth Inc. bought a new position in shares of Chubb during the third quarter worth about $28,000. IMA Wealth Inc. grew its holdings in shares of Chubb by 275.7% during the second 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. ZRC Wealth Management LLC bought a new position in shares of Chubb during the fourth quarter worth about $29,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Chubb during the fourth quarter worth about $32,000. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 34,464 shares of the firm’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 transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider John J. Lupica sold 34,464 shares of the firm’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 sale, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’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 directly owns 35,662 shares in the company, valued at approximately $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 worth $29,766,694 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. Morgan Stanley increased their price objective on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday. Piper Sandler reiterated an “overweight” rating and set a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. HSBC reissued a “hold” rating and set a $270.00 price target (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Roth Mkm increased their price target on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group increased their price target on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $266.37.

Chubb Stock Performance

NYSE:CB traded up $1.86 during mid-day trading on Thursday, hitting $245.39. 1,548,981 shares of the stock were exchanged, compared to its average volume of 1,717,252. The firm’s 50-day simple moving average is $252.43 and its 200 day simple moving average is $233.80. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $99.63 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. As a group, equities analysts anticipate that Chubb Limited will post 21.13 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

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.