Buckhead Capital Management LLC Acquires 1,000 Shares of Chubb Limited (NYSE:CB)

Buckhead Capital Management LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,755 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the period. Buckhead Capital Management LLC’s holdings in Chubb were worth $2,431,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CB. ZRC Wealth Management LLC purchased a new stake in Chubb in the 4th quarter worth about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in Chubb in the 4th quarter worth about $32,000. Naples Money Management LLC purchased a new stake in Chubb in the 4th quarter worth about $34,000. Bell Investment Advisors Inc increased its holdings in Chubb by 39.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 59 shares during the last quarter. Finally, Addison Advisors LLC increased its holdings in Chubb by 87.0% in the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 100 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Up 0.5 %

CB stock traded up $1.29 during midday trading on Wednesday, hitting $249.93. The stock had a trading volume of 1,144,889 shares, compared to its average volume of 1,748,593. The firm has a market cap of $101.49 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The business has a 50-day moving average of $252.26 and a two-hundred day moving average of $236.43. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. During the same period in the prior year, the firm earned $4.41 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts forecast that Chubb Limited will post 21.18 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s dividend payout ratio is currently 15.27%.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the transaction, the insider now owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares in the company, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,043 shares of company stock valued at $29,766,694. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Roth Mkm reaffirmed a “buy” rating and set a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. Evercore ISI lifted their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. The Goldman Sachs Group lifted their target price on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, BMO Capital Markets lifted their target price on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb has a consensus rating of “Moderate Buy” and an average price target of $266.89.

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.