TritonPoint Partners LLC Makes New Investment in Chubb Limited $CB

TritonPoint Partners LLC bought a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,153 shares of the financial services provider’s stock, valued at approximately $987,000.

Other hedge funds also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its stake in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Chubb in the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb in the fourth quarter valued at approximately $31,000. Ares Financial Consulting LLC purchased a new position in shares of Chubb in the fourth quarter valued at approximately $32,000. Finally, Cherry Tree Wealth Management LLC boosted its stake in shares of Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by insiders.

Chubb Stock Down 0.0%

Shares of Chubb stock opened at $328.06 on Monday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The company has a 50 day moving average of $324.93 and a 200 day moving average of $319.10. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $127.24 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.68 and a beta of 0.41.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. As a group, research analysts forecast that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a $1.02 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 12th. Chubb’s payout ratio is presently 14.41%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CB shares. Wells Fargo & Company raised their price objective on shares of Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Mizuho lowered their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Piper Sandler raised their price objective on shares of Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Barclays lowered their price objective on shares of Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $349.10.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.