Chubb Limited (NYSE:CB) Shares Acquired by PDS Planning Inc

PDS Planning Inc increased its position in shares of Chubb Limited (NYSE:CB) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,284 shares of the financial services provider’s stock after buying an additional 140 shares during the period. PDS Planning Inc’s holdings in Chubb were worth $516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. ZRC Wealth Management LLC purchased a new stake in Chubb during the 4th quarter worth $29,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb in the 4th quarter worth about $32,000. Naples Money Management LLC bought a new stake in shares of Chubb in the 4th quarter worth about $34,000. Bell Investment Advisors Inc increased its position in shares of Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 59 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Chubb in the 4th quarter worth about $59,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB traded down $0.36 during midday trading on Tuesday, reaching $251.14. The company’s stock had a trading volume of 455,736 shares, compared to its average volume of 1,710,844. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $252.58 and a 200 day moving average price of $234.87. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The company has a market cap of $101.96 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62.

Chubb (NYSE:CB) last released its quarterly earnings results 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. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. On average, equities research analysts expect that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s dividend payout ratio is currently 15.76%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CB shares. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. 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 research report on Monday, April 15th. Piper Sandler reissued an “overweight” rating and issued a $282.00 target price on shares of Chubb in a research report on Monday, April 1st. Royal Bank of Canada boosted their price objective on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb has an average rating of “Moderate Buy” and a consensus target price of $266.37.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly 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 have sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by company insiders.

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.