1,666 Shares in Chubb Limited (NYSE:CB) Purchased by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC acquired a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,666 shares of the financial services provider’s stock, valued at approximately $377,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its position in Chubb by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Chubb by 102,751.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after buying an additional 8,281,754 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Chubb by 0.8% during the first quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock valued at $1,517,747,000 after acquiring an additional 60,630 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Chubb by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 5,929,199 shares of the financial services provider’s stock worth $1,141,727,000 after acquiring an additional 80,892 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday. Wells Fargo & Company raised their price target on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a research note on Monday. Roth Mkm increased their price objective on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Chubb Price Performance

NYSE:CB traded up $1.75 during trading hours on Thursday, hitting $245.28. 846,886 shares of the stock traded hands, compared to its average volume of 1,707,686. The stock has a 50 day moving average price of $252.43 and a 200 day moving average price of $233.80. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market cap of $99.58 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 Limited has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Sell-side analysts forecast that Chubb Limited will post 21.13 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.76%.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated 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 completion of the transaction, 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 can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares in the company, valued at $9,228,612.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by corporate insiders.

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.