Sapient Capital LLC Invests $301,000 in Chubb Limited (NYSE:CB)

Sapient Capital LLC purchased a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,326 shares of the financial services provider’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MCF Advisors LLC raised its position in shares of Chubb by 4.2% in the 4th quarter. MCF Advisors LLC now owns 1,046 shares of the financial services provider’s stock valued at $237,000 after buying an additional 42 shares in the last quarter. AdvisorNet Financial Inc raised its position in Chubb by 5.2% during the fourth quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 44 shares in the last quarter. Valley National Advisers Inc. raised its position in Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after purchasing an additional 44 shares in the last quarter. Sfmg LLC boosted its holdings in shares of Chubb by 3.0% in the 4th quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 45 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its stake in shares of Chubb by 3.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CB. UBS Group raised their price objective on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. HSBC restated a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Morgan Stanley increased their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. Finally, Citigroup reiterated a “neutral” rating and issued a $275.00 price target (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average price target of $266.89.

Chubb Price Performance

Shares of CB opened at $252.05 on Tuesday. The business has a 50-day moving average of $251.90 and a 200-day moving average of $237.45. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The company has a market capitalization of $102.35 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.17 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter last year, the business earned $4.41 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.18 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a yield of 1.36%. Chubb’s dividend payout ratio (DPR) is currently 15.27%.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Joseph F. Wayland sold 26,946 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the transaction, the executive vice president now owns 95,252 shares in the company, valued at $24,481,669.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,863 shares of company stock worth $28,007,307. Company insiders own 0.86% of the company’s stock.

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.