Natural Investments LLC bought a new position in shares of Chubb Limited (NYSE:CB – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,918 shares of the financial services provider’s stock, valued at approximately $806,000.
A number of other hedge funds also recently modified their holdings of the stock. AGF Management Ltd. lifted its stake in shares of Chubb by 9.1% during the 4th quarter. AGF Management Ltd. now owns 310,612 shares of the financial services provider’s stock worth $85,822,000 after buying an additional 25,885 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Chubb by 3.9% in the 4th quarter. Wealthfront Advisers LLC now owns 43,106 shares of the financial services provider’s stock worth $11,910,000 after purchasing an additional 1,609 shares in the last quarter. Cooke & Bieler LP raised its stake in Chubb by 4.0% in the 4th quarter. Cooke & Bieler LP now owns 620,831 shares of the financial services provider’s stock worth $171,536,000 after purchasing an additional 23,861 shares in the last quarter. Cushing Capital Partners LLC acquired a new stake in Chubb in the 4th quarter worth about $844,000. Finally, GC Wealth Management RIA LLC raised its stake in Chubb by 329.5% in the 4th quarter. GC Wealth Management RIA LLC now owns 10,681 shares of the financial services provider’s stock worth $2,951,000 after purchasing an additional 8,194 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.
Chubb Trading Down 0.6 %
CB opened at $291.15 on Wednesday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market capitalization of $116.58 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 3.36 and a beta of 0.66. The company’s 50 day moving average price is $272.66 and its two-hundred day moving average price is $280.61.
Chubb Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is currently 16.02%.
Insider Transactions at Chubb
In other news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.
Analyst Ratings Changes
Several analysts have weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $299.27.
View Our Latest Stock Report on Chubb
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.
Recommended Stories
- Five stocks we like better than Chubb
- Insider Trades May Not Tell You What You Think
- NVIDIA Stock Remains Stunningly Undervalued—Here’s Why
- Growth Stocks: What They Are, Examples and How to Invest
- Oracle Stock: 5 Reasons This AI Powerhouse Is a Long-Term Buy
- What is a Low P/E Ratio and What Does it Tell Investors?
- U.S. Stocks Sink, Foreign Markets Soar: 3 ETFs to Ride the Wave
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB – Free Report).
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.