Daymark Wealth Partners LLC Purchases 711 Shares of Chubb Limited (NYSE:CB)

Daymark Wealth Partners LLC boosted its position in shares of Chubb Limited (NYSE:CBFree Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,308 shares of the financial services provider’s stock after acquiring an additional 711 shares during the period. Daymark Wealth Partners LLC’s holdings in Chubb were worth $4,816,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Chubb by 1.0% during the second quarter. State Street Corp now owns 18,670,426 shares of the financial services provider’s stock valued at $3,610,928,000 after buying an additional 181,441 shares during the last quarter. Wellington Management Group LLP increased its position in Chubb by 0.8% in the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after purchasing an additional 138,142 shares during the last quarter. Deutsche Bank AG increased its position in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after purchasing an additional 13,059,385 shares during the last quarter. Capital World Investors increased its position in Chubb by 0.3% in the second quarter. Capital World Investors now owns 10,259,488 shares of the financial services provider’s stock worth $1,975,364,000 after purchasing an additional 27,110 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in Chubb by 102,751.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock worth $1,828,733,000 after purchasing an additional 8,281,754 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Insiders Place Their Bets

In other Chubb 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 sale, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were 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 owns 50,486 shares in the company, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $256.29 on Friday. The business’s 50 day moving average price is $245.05 and its 200 day moving average price is $226.61. The firm has a market cap of $103.99 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.23 and a beta of 0.62. Chubb Limited has a 52 week low of $183.40 and a 52 week high of $260.58. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CBGet Free Report) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, sell-side analysts expect that Chubb Limited will post 21.16 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a $0.86 dividend. The ex-dividend date is Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.34%. Chubb’s dividend payout ratio is presently 15.76%.

Analysts Set New Price Targets

CB has been the topic of several research reports. Citigroup restated a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a research report on Thursday. TD Cowen assumed coverage on shares of Chubb in a research note on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective for the company. UBS Group lifted their price objective on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. StockNews.com raised shares of Chubb from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Finally, HSBC assumed coverage on shares of Chubb in a research note on Thursday, December 28th. They set a “buy” rating and a $263.00 price objective for the company. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.06.

View Our Latest Analysis 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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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