1,385 Shares in Chubb Limited (NYSE:CB) Bought by First American Trust FSB

First American Trust FSB bought a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,385 shares of the financial services provider’s stock, valued at approximately $313,000.

Several other hedge funds have also recently added to or reduced their stakes in CB. Americana Partners LLC acquired a new position in shares of Chubb during the third quarter worth approximately $292,000. Lazard Asset Management LLC grew its stake in Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd lifted its stake in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the last quarter. Graypoint LLC increased its position in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after acquiring an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in Chubb during the 4th quarter valued at approximately $1,403,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CB. The Goldman Sachs Group boosted their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday. Evercore ISI upped their target price on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 price objective on shares of Chubb in a report on Monday, April 1st. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Morgan Stanley boosted their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Insider Buying and Selling at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

CB traded up $0.71 on Tuesday, hitting $245.15. 208,021 shares of the company traded hands, compared to its average volume of 1,703,578. The stock has a market capitalization of $99.53 billion, a PE ratio of 11.20, a PEG ratio of 1.16 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $260.58. The company has a 50 day moving average of $252.55 and a 200-day moving average of $233.47.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Sell-side analysts anticipate that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

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.