North Dakota State Investment Board Buys Shares of 12,765 Chubb Limited $CB

North Dakota State Investment Board bought a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,765 shares of the financial services provider’s stock, valued at approximately $3,984,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Brighton Jones LLC boosted its position in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb during the 4th quarter valued at $205,000. Woodline Partners LP boosted its position in Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after acquiring an additional 17,155 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.37% of the company’s stock.

Chubb Stock Up 0.0%

Chubb stock opened at $324.20 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $125.74 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.66 and a beta of 0.43. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The business has a fifty day moving average price of $326.19 and a 200-day moving average price of $314.24.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 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 during the quarter. Equities research analysts forecast that Chubb Limited will post 26.78 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is currently 13.70%.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent research reports. Roth Mkm increased their target price on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Citizens Jmp raised their price objective on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. HSBC raised their price objective on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Wolfe Research raised their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Chubb Company Profile

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.