2,081 Shares in Chubb Limited $CB Bought by Wick Capital Partners LLC

by · The Markets Daily

Wick Capital Partners LLC bought a new position in shares of Chubb Limited (NYSE:CB – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,081 shares of the financial services provider’s stock, valued at approximately $650,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Chubb during the 4th quarter valued at about $31,000. Ares Financial Consulting LLC bought a new position in shares of Chubb during the 4th quarter valued at about $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb in the 3rd quarter valued at approximately $31,000. Finally, Cherry Tree Wealth Management LLC grew its position in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 0.1%

CB stock opened at $323.88 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $324.70 and a two-hundred day moving average price of $319.96. The company has a market cap of $125.62 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.65 and a beta of 0.41. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67.

Chubb (NYSE:CB – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. Analysts anticipate that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio is presently 14.41%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of research reports. BMO Capital Markets increased their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Piper Sandler lifted their price target on shares of Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group dropped their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $349.10.

Get Our Latest Stock Analysis on Chubb

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.37% of the company’s stock.

About Chubb

(Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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