Keel Point LLC Acquires 98 Shares of Chubb Limited (NYSE:CB)

Keel Point LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,202 shares of the financial services provider’s stock after purchasing an additional 98 shares during the period. Keel Point LLC’s holdings in Chubb were worth $272,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new stake in shares of Chubb in the 4th quarter worth about $25,000. IMA Wealth Inc. grew its stake in shares of Chubb by 275.7% during the second quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 102 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in Chubb in the 3rd quarter worth approximately $28,000. ZRC Wealth Management LLC acquired a new position in Chubb during the 4th quarter worth $29,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Chubb in the 4th quarter valued at $32,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

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

Chubb Stock Up 0.3 %

NYSE:CB opened at $245.25 on Wednesday. The stock’s 50 day moving average price is $252.50 and its two-hundred day moving average price is $233.73. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $260.58. The firm has a market capitalization of $99.57 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth 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 (NYSE:CB) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. Equities research analysts expect that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a 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%.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Citigroup reaffirmed a “neutral” rating and issued a $275.00 price objective (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. HSBC restated a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Piper Sandler restated an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Finally, Roth Mkm lifted their price objective on shares of Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Company Profile

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.