Southeast Asset Advisors LLC Buys 132 Shares of Chubb Limited (NYSE:CB)

Southeast Asset Advisors LLC boosted its stake in Chubb Limited (NYSE:CB) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 918 shares of the financial services provider’s stock after acquiring an additional 132 shares during the period. Southeast Asset Advisors LLC’s holdings in Chubb were worth $254,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the period. Raelipskie Partnership purchased a new stake in Chubb during the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the third quarter worth about $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb in the fourth quarter worth about $29,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. 83.81% of the stock is owned by institutional investors.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last 90 days. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Piper Sandler increased their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $303.14.

Chubb Stock Performance

Chubb stock opened at $280.74 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The company has a market capitalization of $112.41 billion, a PE ratio of 12.36, a P/E/G ratio of 3.36 and a beta of 0.47. The firm has a fifty day simple moving average of $282.25 and a two-hundred day simple moving average of $281.69.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s payout ratio is 16.02%.

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.