Chubb Limited (NYSE:CB) Shares Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lifted its holdings in Chubb Limited (NYSE:CB) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,170 shares of the financial services provider’s stock after buying an additional 250 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Chubb were worth $1,152,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Intech Investment Management LLC grew its holdings in shares of Chubb by 16.8% during the second quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock valued at $3,321,000 after purchasing an additional 1,876 shares during the last quarter. AE Wealth Management LLC boosted its position in Chubb by 52.8% during the 2nd quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 1,198 shares during the period. Pacer Advisors Inc. grew its stake in Chubb by 2.0% during the 2nd quarter. Pacer Advisors Inc. now owns 38,052 shares of the financial services provider’s stock worth $9,706,000 after buying an additional 760 shares during the last quarter. ProShare Advisors LLC increased its position in Chubb by 1.0% in the second quarter. ProShare Advisors LLC now owns 789,602 shares of the financial services provider’s stock worth $201,412,000 after buying an additional 7,440 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its stake in Chubb by 11,560.0% in the second quarter. Frank Rimerman Advisors LLC now owns 4,081 shares of the financial services provider’s stock valued at $1,041,000 after buying an additional 4,046 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE:CB opened at $269.38 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $108.59 billion, a P/E ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67. The company has a fifty day moving average price of $277.89 and a 200 day moving average price of $278.32. Chubb Limited has a one year low of $226.74 and a one year high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the previous year, the business posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. Chubb’s dividend payout ratio is 14.91%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Piper Sandler upped their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $288.17.

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.