First Manhattan CO. LLC. Raises Stock Position in Chubb Limited (NYSE:CB)

First Manhattan CO. LLC. raised its holdings in Chubb Limited (NYSE:CB) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,364 shares of the financial services provider’s stock after purchasing an additional 4,248 shares during the quarter. First Manhattan CO. LLC.’s holdings in Chubb were worth $37,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rede Wealth LLC grew its holdings in shares of Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after buying an additional 37 shares in the last quarter. United Asset Strategies Inc. increased its holdings in shares of Chubb by 1.3% during the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider’s stock worth $851,000 after buying an additional 40 shares during the last quarter. Avitas Wealth Management LLC lifted its stake in shares of Chubb by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider’s stock valued at $2,421,000 after purchasing an additional 40 shares during the last quarter. Tandem Wealth Advisors LLC increased its position in shares of Chubb by 3.0% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 40 shares during the last quarter. Finally, Unison Advisors LLC lifted its stake in Chubb by 0.3% during the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $3,742,000 after purchasing an additional 41 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 0.5 %

CB opened at $289.00 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52 week low of $250.90 and a 52 week high of $306.91. The business’s 50 day moving average is $288.34 and its two-hundred day moving average is $280.82. The firm has a market cap of $115.81 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb’s dividend payout ratio (DPR) is 17.52%.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,470 shares of company stock worth $18,562,730. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Barclays decreased their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. UBS Group lifted their target price on Chubb from $303.00 to $304.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Piper Sandler increased their price target on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Finally, Jefferies Financial Group boosted their price objective on Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.86.

Chubb 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.