Team Hewins LLC Buys 56 Shares of Chubb Limited (NYSE:CB)

Team Hewins LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,408 shares of the financial services provider’s stock after acquiring an additional 56 shares during the quarter. Team Hewins LLC’s holdings in Chubb were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock valued at $12,149,985 in the last three months. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE CB traded up $1.19 on Thursday, reaching $257.51. The company had a trading volume of 510,904 shares, compared to its average volume of 1,645,554. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $104.56 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 6.11 and a beta of 0.66. The firm’s 50 day moving average price is $260.29 and its 200 day moving average price is $250.48. Chubb Limited has a 12 month low of $186.52 and a 12 month high of $275.41.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $11.75 billion. During the same period last year, the company posted $4.41 EPS. The business’s revenue was up 14.1% on a year-over-year basis. As a group, equities analysts predict that Chubb Limited will post 21.03 earnings per share for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.41%. Chubb’s payout ratio is currently 16.16%.

Analysts Set New Price Targets

CB has been the subject of several recent analyst reports. HSBC reaffirmed a “hold” rating and set a $270.00 price objective (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Piper Sandler reissued an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Bank of America raised shares of Chubb from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $244.00 to $266.00 in a research note on Thursday, May 23rd. Roth Mkm reissued a “buy” rating and issued a $280.00 price target on shares of Chubb in a research note on Wednesday, April 24th. Finally, Citigroup reaffirmed a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $267.65.

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.