Accurate Wealth Management LLC bought a new position in Chubb Limited (NYSE:CB – Get Rating) in the fourth quarter, Holdings Channel reports. The firm bought 8,177 shares of the financial services provider’s stock, valued at approximately $1,838,000. Chubb accounts for approximately 0.7% of Accurate Wealth Management LLC’s investment portfolio, making the stock its 25th largest position.
Other institutional investors also recently bought and sold shares of the company. Carolinas Wealth Consulting LLC lifted its position in shares of Chubb by 10.1% during the first quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 51 shares in the last quarter. Fiduciary Group LLC lifted its position in shares of Chubb by 3.4% during the second quarter. Fiduciary Group LLC now owns 1,589 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 52 shares in the last quarter. Linscomb & Williams Inc. lifted its position in shares of Chubb by 3.0% during the second quarter. Linscomb & Williams Inc. now owns 1,814 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 52 shares in the last quarter. Unison Advisors LLC lifted its position in shares of Chubb by 0.4% during the third quarter. Unison Advisors LLC now owns 13,016 shares of the financial services provider’s stock worth $2,378,000 after purchasing an additional 52 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of Chubb by 2.6% during the third quarter. Penserra Capital Management LLC now owns 2,034 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 52 shares in the last quarter. 87.12% of the stock is currently owned by institutional investors and hedge funds.
Chubb Stock Performance
Shares of CB traded down $5.06 during mid-day trading on Friday, reaching $186.80. 4,798,586 shares of the company’s stock were exchanged, compared to its average volume of 1,932,890. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $77.24 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.66. The business’s fifty day simple moving average is $213.28 and its 200-day simple moving average is $207.20. Chubb Limited has a 52-week low of $173.78 and a 52-week high of $231.37.
Chubb Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Friday, March 17th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, March 16th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.78%. Chubb’s dividend payout ratio (DPR) is presently 26.52%.
Insider Transactions at Chubb
In other news, COO John W. Keogh sold 23,871 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $212.18, for a total transaction of $5,064,948.78. Following the transaction, the chief operating officer now directly owns 272,062 shares in the company, valued at $57,726,115.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.39% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on CB shares. Citigroup reduced their price target on shares of Chubb from $236.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 8th. MKM Partners upped their target price on shares of Chubb from $235.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, December 5th. JPMorgan Chase & Co. upgraded shares of Chubb from a “neutral” rating to an “overweight” rating and set a $239.00 target price on the stock in a research note on Friday. Piper Sandler upped their target price on shares of Chubb from $225.00 to $230.00 in a research note on Tuesday, January 10th. Finally, Roth Capital restated a “buy” rating on shares of Chubb in a research note on Wednesday, February 1st. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $243.92.
Chubb Company Profile
Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.
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