Blue Water Asset Management Acquires New Shares in Chubb Limited $CB

Blue Water Asset Management acquired a new stake in Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,972 shares of the financial services provider’s stock, valued at approximately $616,000.

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

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the company’s 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 completion of the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. The Goldman Sachs Group boosted their price target on shares of Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Piper Sandler boosted their price target on shares of Chubb from $319.00 to $328.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Finally, Wolfe Research boosted their price target on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $349.33.

Chubb Stock Up 1.3%

Shares of NYSE:CB opened at $324.20 on Friday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The firm has a fifty day moving average of $326.19 and a 200 day moving average of $314.01. The firm has a market capitalization of $125.74 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.64 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

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

Chubb Dividend Announcement

The business also recently announced 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 payout ratio is 13.70%.

Chubb Company 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.