Stonegate Investment Group LLC Has $5.80 Million Stock Holdings in Chubb Limited (NYSE:CB)

Stonegate Investment Group LLC reduced its position in Chubb Limited (NYSE:CB) by 2.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 22,390 shares of the financial services provider’s stock after selling 677 shares during the period. Stonegate Investment Group LLC’s holdings in Chubb were worth $5,802,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ZRC Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb in the fourth quarter valued at about $29,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb during the 4th quarter worth about $32,000. Northwest Financial Advisors bought a new position in Chubb in the 4th quarter valued at about $33,000. Finally, Naples Money Management LLC bought a new stake in shares of Chubb during the fourth quarter worth approximately $34,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CB. Piper Sandler reiterated an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research report on Monday, April 1st. BMO Capital Markets lifted their price objective on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Citigroup reiterated a “neutral” rating and issued a $275.00 price target (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company raised their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Trading Down 0.2 %

Shares of CB stock traded down $0.60 during trading hours on Tuesday, hitting $248.62. 1,862,883 shares of the company’s stock traded hands, compared to its average volume of 1,755,866. The stock has a market cap of $100.94 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The stock’s 50 day simple moving average is $252.26 and its 200 day simple moving average is $236.43. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS 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 firm had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the business earned $4.41 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Chubb Limited will post 21.17 EPS for the current year.

Chubb Dividend Announcement

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

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the transaction, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 over the last three months. 0.86% of the stock is owned by company insiders.

Chubb Company 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.