Chubb Limited (NYSE:CB) Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its position in shares of Chubb Limited (NYSE:CB) by 13.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,200 shares of the financial services provider’s stock after acquiring an additional 1,762 shares during the quarter. Twin Capital Management Inc.’s holdings in Chubb were worth $4,200,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Raelipskie Partnership acquired a new stake in shares of Chubb during the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new stake in Chubb in the 4th quarter valued at approximately $29,000. Finally, Crowley Wealth Management Inc. purchased a new stake in Chubb in the fourth quarter valued at approximately $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the subject of a number of research reports. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Piper Sandler lifted their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods increased their target price 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, JPMorgan Chase & Co. upped their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $303.14.

Chubb Stock Down 7.2 %

Shares of NYSE CB opened at $280.74 on Monday. 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 $238.85 and a 52-week high of $306.91. The business has a 50-day moving average price of $282.25 and a 200 day moving average price of $281.69. The stock has a market cap of $112.41 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, March 14th. Chubb’s payout ratio is 16.02%.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 29,194 shares of the company’s stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction on 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 completion of 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. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 over the last ninety days. 0.86% of the stock is currently owned by company insiders.

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.