Naples Money Management LLC Buys Shares of 150 Chubb Limited (NYSE:CB)

Naples Money Management LLC bought a new stake in Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 150 shares of the financial services provider’s stock, valued at approximately $34,000.

Several other hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in shares of Chubb during the 4th quarter valued at approximately $25,000. IMA Wealth Inc. grew its holdings in Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Chubb during the 3rd quarter worth approximately $28,000. ZRC Wealth Management LLC bought a new stake in Chubb during the 4th quarter worth approximately $29,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Chubb during the 4th quarter worth approximately $32,000. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CB has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Morgan Stanley boosted their target price on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Wells Fargo & Company boosted their price target on shares of Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Piper Sandler restated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Finally, Roth Mkm boosted their price target on shares of Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated 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 completion of 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 available through this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Up 2.0 %

Chubb stock opened at $250.21 on Friday. The company has a market capitalization of $101.58 billion, a PE ratio of 11.46, a PEG ratio of 1.16 and a beta of 0.62. The firm’s fifty day moving average is $252.51 and its 200 day moving average is $234.19. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, sell-side analysts predict that Chubb Limited will post 21.13 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently announced 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 of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.37%. Chubb’s payout ratio is 15.76%.

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.