2,258 Shares in Chubb Limited $CB Acquired by Evansbrook LLC

Evansbrook LLC acquired a new stake in Chubb Limited (NYSE:CB) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,258 shares of the financial services provider’s stock, valued at approximately $736,000.

A number of other hedge funds have also recently added to or reduced their stakes in CB. Norges Bank bought a new stake in shares of Chubb during the fourth quarter worth $1,081,190,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares during the last quarter. Berkshire Hathaway Inc lifted its stake in shares of Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after acquiring an additional 2,916,288 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Chubb during the 4th quarter valued at $795,378,000. Finally, GQG Partners LLC boosted its holdings in shares of Chubb by 15.2% during the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after acquiring an additional 1,647,729 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.3%

NYSE:CB opened at $351.08 on Friday. The firm’s fifty day moving average is $338.33 and its 200-day moving average is $328.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.28 and a current ratio of 0.29. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $365.91. The firm has a market cap of $135.45 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.74 and a beta of 0.40.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same period in the previous year, the firm posted $6.14 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Equities analysts expect that Chubb Limited will post 27.4 earnings per share for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $1.02 dividend. The ex-dividend date was Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is 14.43%.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho upped their target price on Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Piper Sandler lifted their price target on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. UBS Group boosted their price target on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Barclays set a $387.00 price objective on Chubb in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $360.09.

About Chubb

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.