Chubb Limited (NYSE:CB) Shares Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC raised its position in Chubb Limited (NYSE:CB) by 7.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,062 shares of the financial services provider’s stock after acquiring an additional 143 shares during the quarter. Belpointe Asset Management LLC’s holdings in Chubb were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

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

Chubb Stock Up 0.2 %

NYSE:CB opened at $285.51 on Thursday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The firm has a market capitalization of $114.40 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 3.36 and a beta of 0.47. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $283.89 and its 200 day moving average price is $281.27.

Chubb (NYSE:CB) last issued its earnings results 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 return on equity of 13.75% and a net margin of 16.63%. On average, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. Chubb’s payout ratio is 16.02%.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The sale 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 business’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 completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last quarter. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Barclays cut their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a report on Friday, April 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Jefferies Financial Group increased their target price on shares of Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Finally, Piper Sandler lifted their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $307.21.

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.