2,341 Shares in Chubb Limited $CB Purchased by MidFirst Bank

MidFirst Bank bought a new position in Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,341 shares of the financial services provider’s stock, valued at approximately $731,000.

Other hedge funds have also added to or reduced their stakes in the company. Berkshire Hathaway Inc lifted its holdings in shares of Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after buying an additional 4,299,111 shares in the last quarter. Norges Bank purchased a new stake in shares of Chubb in the fourth quarter worth $1,081,190,000. Price T Rowe Associates Inc. MD boosted its stake in Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying an additional 3,049,987 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Chubb during the fourth quarter valued at $795,378,000. Finally, GQG Partners LLC grew its position in Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after buying an additional 1,647,729 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Barclays cut their price target on shares of Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a research note on Friday, June 12th. Jefferies Financial Group lowered their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Finally, Piper Sandler lifted their price objective on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $349.10.

Chubb Stock Up 0.1%

NYSE CB opened at $323.88 on Friday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The stock has a market capitalization of $125.62 billion, a PE ratio of 11.44, a PEG ratio of 1.65 and a beta of 0.41. 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 business’s 50-day moving average is $324.70 and its 200 day moving average is $319.96.

Chubb (NYSE:CB) last released 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 business had revenue of $14.93 billion during the quarter. Sell-side analysts forecast that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s payout ratio is presently 14.41%.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

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.