Arjuna Capital Takes $739,000 Position in Chubb Limited (NYSE:CB)

Arjuna Capital bought a new position in Chubb Limited (NYSE:CBFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,269 shares of the financial services provider’s stock, valued at approximately $739,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Panagora Asset Management Inc. increased its stake in shares of Chubb by 191.4% in the third quarter. Panagora Asset Management Inc. now owns 15,931 shares of the financial services provider’s stock worth $3,317,000 after acquiring an additional 10,464 shares during the period. Allworth Financial LP raised its stake in shares of Chubb by 2.3% during the 3rd quarter. Allworth Financial LP now owns 7,677 shares of the financial services provider’s stock valued at $1,598,000 after buying an additional 176 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Chubb by 6.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 36,773 shares of the financial services provider’s stock valued at $7,656,000 after buying an additional 2,129 shares during the period. Csenge Advisory Group boosted its stake in shares of Chubb by 17.9% in the third quarter. Csenge Advisory Group now owns 6,121 shares of the financial services provider’s stock worth $1,274,000 after buying an additional 930 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in Chubb by 1.0% during the third quarter. Ingalls & Snyder LLC now owns 70,683 shares of the financial services provider’s stock worth $14,715,000 after acquiring an additional 709 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB stock traded up $9.40 during midday trading on Friday, reaching $274.28. The stock had a trading volume of 4,303,251 shares, compared to its average volume of 1,722,022. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $275.41. The company has a market cap of $111.37 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.29 and a beta of 0.63. The company’s fifty day simple moving average is $253.02 and its 200 day simple moving average is $240.13. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CBGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share 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 for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the firm posted $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts predict that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.91 per share. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, June 14th. Chubb’s payout ratio is currently 15.27%.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 26,946 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $257.02, for a total value of $6,925,660.92. Following the transaction, the executive vice president now owns 95,252 shares of the company’s stock, valued at $24,481,669.04. The disclosure for this sale can be found here. Insiders sold 145,099 shares of company stock worth $37,156,142 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. UBS Group upped their price objective on Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Citigroup reissued a “neutral” rating and set a $275.00 price target (up from $238.00) on shares of Chubb in a report on Thursday, March 14th. Morgan Stanley lifted their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Piper Sandler reissued an “overweight” rating and set a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. Finally, Wells Fargo & Company lifted their price target on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued 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 $266.74.

Get Our Latest Research Report on Chubb

Chubb Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CBFree Report).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.