Heritage Trust Co Invests $1.98 Million in Chubb Limited (NYSE:CB)

Heritage Trust Co bought a new position in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 7,173 shares of the financial services provider’s stock, valued at approximately $1,982,000.

Several other hedge funds have also recently bought and sold shares of CB. Continuum Advisory LLC raised its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Strategic Financial Concepts LLC acquired a new position in Chubb during the 4th quarter worth approximately $30,000. Finally, Human Investing LLC purchased a new position in Chubb in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the sale, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. The trade was a 13.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by insiders.

Chubb Stock Down 0.8 %

CB stock opened at $282.24 on Friday. The firm has a market cap of $113.01 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The firm has a fifty day moving average price of $282.81 and a two-hundred day moving average price of $281.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

Analysts Set New Price Targets

A number of research firms have recently commented on CB. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a report on Wednesday. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company cut their price target on Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Piper Sandler lifted their price objective on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $303.00.

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.