Chubb Limited (NYSE:CB) Shares Acquired by Cambridge Trust Co.

Cambridge Trust Co. raised its position in shares of Chubb Limited (NYSE:CB) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,962 shares of the financial services provider’s stock after buying an additional 57 shares during the quarter. Cambridge Trust Co.’s holdings in Chubb were worth $669,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its holdings in shares of Chubb by 5.2% during the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 44 shares in the last quarter. Valley National Advisers Inc. boosted its stake in Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 44 shares in the last quarter. Sfmg LLC boosted its stake in Chubb by 3.0% during the fourth quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock worth $346,000 after buying an additional 45 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its stake in shares of Chubb by 3.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after buying an additional 47 shares in the last quarter. Finally, Innovis Asset Management LLC lifted its holdings in shares of Chubb by 1.7% during the 3rd quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock worth $601,000 after acquiring an additional 47 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CB shares. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Piper Sandler reissued an “overweight” rating and issued a $282.00 target price on shares of Chubb in a report on Monday, April 1st. JMP Securities restated a “market outperform” rating and set a $280.00 target price on shares of Chubb in a research report on Monday. Citigroup reiterated a “neutral” rating and issued a $275.00 price target (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Finally, Raymond James lifted their price objective on Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. Nine investment 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 company’s stock. According to MarketBeat, Chubb has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock valued at $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.8 %

Shares of CB opened at $245.39 on Friday. The firm has a market cap of $99.63 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The firm’s 50-day simple moving average is $252.45 and its 200 day simple moving average is $233.88.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. Chubb’s payout ratio is 15.76%.

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.