Climber Capital SA Acquires New Position in Chubb Limited (NYSE:CB)

Climber Capital SA bought a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 839 shares of the financial services provider’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC lifted its stake in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb during the third quarter valued at about $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the third quarter worth about $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $29,000. Finally, Crowley Wealth Management Inc. bought a new position in Chubb in the 4th quarter valued at approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB stock opened at $302.02 on Thursday. 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 business has a 50-day simple moving average of $281.24 and a two-hundred day simple moving average of $281.74. The company has a market capitalization of $120.93 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $304.34.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.21%. Chubb’s dividend payout ratio is currently 16.02%.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 in the last 90 days. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CB shares. Wells Fargo & Company dropped their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Piper Sandler lifted their target price on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $303.14.

About Chubb

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.