SageView Advisory Group LLC Takes Position in Chubb Limited (NYSE:CB)

SageView Advisory Group LLC purchased a new stake in Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,870 shares of the financial services provider’s stock, valued at approximately $455,000.

Other large investors have also modified their holdings of the company. ZRC Wealth Management LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $32,000. Northwest Financial Advisors acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $33,000. Naples Money Management LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $34,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $34,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the topic of a number of analyst reports. Piper Sandler restated an “overweight” rating and set a $282.00 target price on shares of Chubb in a research report on Monday, April 1st. The Goldman Sachs Group raised their target price on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Citigroup restated a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Royal Bank of Canada decreased their target price on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.70.

Chubb Stock Performance

Shares of CB stock opened at $263.02 on Wednesday. The company’s fifty day simple moving average is $256.62 and its 200-day simple moving average is $246.69. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $275.41. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $106.80 billion, a PE ratio of 11.67, a P/E/G ratio of 6.22 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter last year, the firm posted $4.41 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.19 EPS for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a dividend of $0.91 per share. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 annualized dividend and a yield of 1.38%. Chubb’s payout ratio is 16.16%.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now owns 39,295 shares of the company’s stock, valued at approximately $10,597,861.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The disclosure for this sale can be found here. Insiders have sold 39,352 shares of company stock valued at $9,968,293 in the last quarter. Company insiders own 0.86% of the company’s stock.

About Chubb

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.