2,091 Shares in Chubb Limited $CB Bought by Guardian Capital LLC

Guardian Capital LLC bought a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,091 shares of the financial services provider’s stock, valued at approximately $653,000.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in Chubb in the 4th quarter worth $31,000. Ares Financial Consulting LLC bought a new position in Chubb in the 4th quarter worth $32,000. KERR FINANCIAL PLANNING Corp bought a new position in Chubb in the 3rd quarter worth $31,000. Cornerstone Planning Group LLC raised its holdings in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares during the period. Finally, GoalVest Advisory LLC bought a new position in Chubb in the 4th quarter worth $40,000. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CB. Piper Sandler raised their target price on Chubb from $319.00 to $328.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Barclays raised their target price on Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Bank of America decreased their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company raised their price target on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chubb has an average rating of “Moderate Buy” and a consensus target price of $349.33.

Chubb Trading Up 1.3%

Shares of CB stock opened at $324.20 on Friday. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $326.19 and its 200-day moving average price is $314.01. The stock has a market capitalization of $125.74 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.66 and a beta of 0.43.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Equities research analysts predict that Chubb Limited will post 26.78 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 13.70%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.