Lindbrook Capital LLC Acquires 346 Shares of Chubb Limited (NYSE:CB)

Lindbrook Capital LLC raised its holdings in Chubb Limited (NYSE:CBFree Report) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,487 shares of the financial services provider’s stock after buying an additional 346 shares during the quarter. Lindbrook Capital LLC’s holdings in Chubb were worth $562,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares during the last quarter. Deutsche Bank AG grew its position in shares of Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock worth $3,355,762,000 after buying an additional 13,059,385 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Chubb by 102,751.3% in the 4th 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 buying an additional 8,281,754 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Chubb by 0.8% in the 1st quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock worth $1,517,747,000 after buying an additional 60,630 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Chubb by 1.4% during the second quarter. Wells Fargo & Company MN now owns 5,929,199 shares of the financial services provider’s stock valued at $1,141,727,000 after purchasing an additional 80,892 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 34,464 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by insiders.

Chubb Stock Up 2.0 %

Shares of CB stock traded up $4.82 during mid-day trading on Friday, hitting $250.21. The company’s stock had a trading volume of 2,573,609 shares, compared to its average volume of 1,372,569. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The business has a 50-day moving average price of $252.51 and a 200 day moving average price of $234.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $101.58 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.18 and a beta of 0.62.

Chubb (NYSE:CBGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $12.88 billion. Research analysts predict that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CB. Citigroup restated a “neutral” rating and set a $275.00 price target (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Piper Sandler restated an “overweight” rating and set a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. TD Cowen began coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price target on the stock. Royal Bank of Canada lifted their price target on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Get Our Latest Stock Analysis on CB

Chubb 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.

Read More

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.