Chubb Limited (NYSE:CB) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC reduced its position in Chubb Limited (NYSE:CB) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,379 shares of the financial services provider’s stock after selling 390 shares during the quarter. Chubb makes up approximately 1.1% of FourThought Financial Partners LLC’s investment portfolio, making the stock its 27th biggest position. FourThought Financial Partners LLC’s holdings in Chubb were worth $9,126,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Americana Partners LLC purchased a new position in Chubb in the third quarter valued at about $292,000. Lazard Asset Management LLC raised its holdings in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after buying an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd lifted its position in Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares in the last quarter. Graypoint LLC boosted its holdings in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after acquiring an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $1,403,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CB shares. Morgan Stanley upped their target price on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Piper Sandler reiterated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Wells Fargo & Company raised their price objective on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. BMO Capital Markets upped their target price on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $266.89.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were 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 owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold a total of 108,863 shares of company stock valued at $28,007,307 in the last quarter. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

NYSE CB traded down $1.71 during trading hours on Friday, reaching $248.54. The company’s stock had a trading volume of 1,444,710 shares, compared to its average volume of 1,737,362. The stock has a market cap of $100.92 billion, a PE ratio of 11.03, a PEG ratio of 1.18 and a beta of 0.63. The business has a 50-day simple moving average of $251.96 and a 200 day simple moving average of $236.86. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

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

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. Chubb’s dividend payout ratio is currently 15.27%.

Chubb Company 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.