Treasurer of the State of North Carolina Grows Stock Position in Chubb Limited (NYSE:CB)

Treasurer of the State of North Carolina boosted its holdings in Chubb Limited (NYSE:CB) by 6.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 200,730 shares of the financial services provider’s stock after acquiring an additional 11,772 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Chubb were worth $55,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Continuum Advisory LLC increased its stake in Chubb by 56.5% in 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 last quarter. Sierra Ocean LLC bought a new position in shares of Chubb in the 4th quarter worth about $29,000. Crowley Wealth Management Inc. bought a new position in Chubb in the 4th quarter worth about $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the fourth quarter valued at $30,000. Finally, Human Investing LLC bought a new stake in shares of Chubb in the fourth quarter worth $36,000. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the sale, the executive vice president now directly owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $284.81 on Thursday. The company has a 50 day moving average price of $282.65 and a 200 day moving average price of $281.38. Chubb Limited has a one year low of $238.85 and a one year high of $306.91. 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 firm has a market capitalization of $114.04 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. Sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s payout ratio is currently 16.02%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CB. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. Piper Sandler upped their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods reduced their price target on Chubb from $329.00 to $316.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $302.73.

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.