Echo45 Advisors LLC Increases Stock Holdings in Chubb Limited (NYSE:CB)

Echo45 Advisors LLC raised its stake in Chubb Limited (NYSE:CB) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,178 shares of the financial services provider’s stock after purchasing an additional 56 shares during the quarter. Echo45 Advisors LLC’s holdings in Chubb were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fidelis Capital Partners LLC grew its stake in shares of Chubb by 76.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 3,078 shares of the financial services provider’s stock valued at $696,000 after purchasing an additional 1,336 shares during the last quarter. Calamos Advisors LLC lifted its holdings in shares of Chubb by 0.7% in the 4th quarter. Calamos Advisors LLC now owns 204,962 shares of the financial services provider’s stock valued at $46,321,000 after buying an additional 1,489 shares during the period. Tilt Investment Management Holdings PBC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $377,000. Cambridge Trust Co. lifted its holdings in shares of Chubb by 2.0% in the 4th quarter. Cambridge Trust Co. now owns 2,962 shares of the financial services provider’s stock valued at $669,000 after buying an additional 57 shares during the period. Finally, Wright Investors Service Inc. lifted its holdings in shares of Chubb by 66.8% in the 4th quarter. Wright Investors Service Inc. now owns 9,406 shares of the financial services provider’s stock valued at $2,126,000 after buying an additional 3,768 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 over the last quarter. Company insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.8 %

Shares of NYSE:CB traded up $1.86 during midday trading on Thursday, reaching $245.39. The company’s stock had a trading volume of 1,548,981 shares, compared to its average volume of 1,717,337. The firm has a market cap 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. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The business has a 50 day moving average price of $252.43 and a 200 day moving average price of $233.80.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. Research analysts forecast that Chubb Limited will post 21.13 EPS for the current 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 given 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 is currently 15.76%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CB shares. Roth Mkm raised their price target on Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Keefe, Bruyette & Woods raised their price target on Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Morgan Stanley lifted their price objective on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, HSBC reaffirmed a “hold” rating and set a $270.00 price objective (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $266.37.

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.