World Equity Group Inc. Purchases 3,214 Shares of Chubb Limited $CB

World Equity Group Inc. increased its holdings in Chubb Limited (NYSE:CB) by 201.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,806 shares of the financial services provider’s stock after purchasing an additional 3,214 shares during the period. World Equity Group Inc.’s holdings in Chubb were worth $1,566,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CB. Brighton Jones LLC lifted its holdings in shares of Chubb by 12.8% in 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 during the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb during the fourth quarter worth approximately $205,000. Woodline Partners LP raised its position in Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 1,449 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 175 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after purchasing an additional 17,155 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $352.07 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $136.55 billion, a PE ratio of 12.43, a P/E/G ratio of 1.82 and a beta of 0.40. The company has a 50 day moving average price of $332.32 and a 200-day moving average price of $325.68. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $365.29.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, equities analysts forecast that Chubb Limited will post 26.75 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is currently 14.41%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CB. JPMorgan Chase & Co. raised their price target on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Piper Sandler raised their target price on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays set a $387.00 price target on shares of Chubb in a research note on Tuesday, July 7th. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $357.73.

About Chubb

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.