Chubb Limited $CB Shares Acquired by World Investment Advisors

World Investment Advisors boosted its holdings in shares of Chubb Limited (NYSE:CB) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,821 shares of the financial services provider’s stock after buying an additional 3,087 shares during the quarter. World Investment Advisors’ holdings in Chubb were worth $12,117,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. raised its holdings in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Chubb during the third quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Chubb during the fourth quarter valued at approximately $31,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 44,877 shares of company stock valued at $14,885,226. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of several analyst reports. Piper Sandler boosted their target price on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research note on Friday, March 27th. Jefferies Financial Group lifted their price target on Chubb from $333.00 to $356.00 and gave the company a “hold” rating in a research note on Tuesday, April 7th. Mizuho lowered their price target on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $346.33.

Chubb Price Performance

Shares of CB stock opened at $326.79 on Tuesday. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $127.52 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.76 and a beta of 0.49. The firm’s 50-day moving average is $329.13 and its two-hundred day moving average is $308.94.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the business earned $6.02 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts predict that Chubb Limited will post 26.36 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

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.