Citizens Financial Group Inc. RI Purchases 876 Shares of Chubb Limited (NYSE:CB)

Citizens Financial Group Inc. RI increased its stake in Chubb Limited (NYSE:CB) by 55.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,465 shares of the financial services provider’s stock after purchasing an additional 876 shares during the period. Citizens Financial Group Inc. RI’s holdings in Chubb were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb 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 directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction that occurred on 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 directly owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 over the last three months. 0.86% of the stock is owned by insiders.

Chubb Stock Down 0.2 %

Shares of CB opened at $245.45 on Friday. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The firm’s 50 day moving average is $252.33 and its 200-day moving average is $235.71. The stock has a market capitalization of $99.65 billion, a PE ratio of 10.89, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same period last year, the firm earned $4.41 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts forecast that Chubb Limited will post 21.17 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.40%. Chubb’s dividend payout ratio is presently 15.27%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent research reports. Piper Sandler restated an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a research note on Monday, April 15th. The Goldman Sachs Group raised their target price on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average price target of $266.89.

Chubb Company 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.