Sagespring Wealth Partners LLC Invests $2.93 Million in Chubb Limited (NYSE:CB)

Sagespring Wealth Partners LLC bought a new stake in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,597 shares of the financial services provider’s stock, valued at approximately $2,928,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new stake in shares of Chubb in the 4th quarter worth about $29,000. Crowley Wealth Management Inc. purchased a new stake in Chubb in the fourth quarter worth about $29,000. Strategic Financial Concepts LLC bought a new stake in Chubb during the 4th quarter valued at approximately $30,000. Human Investing LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $36,000. Finally, Mainstream Capital Management LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by insiders.

Chubb Price Performance

Shares of NYSE:CB opened at $283.30 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market cap of $113.51 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The business has a 50-day simple moving average of $283.03 and a two-hundred day simple moving average of $281.28. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s payout ratio is currently 16.02%.

Analyst Ratings Changes

Several research firms recently weighed in on CB. Keefe, Bruyette & Woods dropped their price target on Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. UBS Group raised their target price on shares of Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $307.21.

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.