Annis Gardner Whiting Capital Advisors LLC Purchases 70 Shares of Chubb Limited (NYSE:CB)

Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 15.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 527 shares of the financial services provider’s stock after purchasing an additional 70 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Chubb were worth $146,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Climber Capital SA bought a new position in Chubb during the fourth quarter worth $232,000. Pitcairn Co. boosted its holdings in shares of Chubb by 8.6% during the 4th quarter. Pitcairn Co. now owns 5,930 shares of the financial services provider’s stock worth $1,638,000 after buying an additional 472 shares during the period. ExodusPoint Capital Management LP grew its stake in Chubb by 49.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 58,502 shares of the financial services provider’s stock valued at $16,164,000 after buying an additional 19,440 shares during the last quarter. Selway Asset Management raised its holdings in Chubb by 2.0% in the 4th quarter. Selway Asset Management now owns 21,852 shares of the financial services provider’s stock valued at $6,038,000 after acquiring an additional 430 shares during the period. Finally, Arete Wealth Advisors LLC lifted its position in Chubb by 53.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 1,068 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 370 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 7.2 %

Shares of CB stock opened at $280.74 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The stock’s fifty day moving average price is $282.25 and its two-hundred day moving average price is $281.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market cap of $112.41 billion, a PE ratio of 12.36, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last three months. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CB has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Piper Sandler boosted their target price on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and an average price target of $303.14.

Chubb Profile

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.