Chubb Limited (NYSE:CB) Stock Holdings Lifted by Grandfield & Dodd LLC

Grandfield & Dodd LLC increased its position in Chubb Limited (NYSE:CB) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,824 shares of the financial services provider’s stock after buying an additional 1,603 shares during the quarter. Chubb accounts for approximately 2.4% of Grandfield & Dodd LLC’s holdings, making the stock its 7th biggest holding. Grandfield & Dodd LLC’s holdings in Chubb were worth $35,442,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in shares of Chubb during the 4th quarter valued at $25,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Chubb during the 3rd quarter valued at $28,000. IMA Wealth Inc. boosted its holdings in shares of Chubb by 275.7% during the 2nd quarter. IMA Wealth Inc. now owns 139 shares of the financial services provider’s stock valued at $27,000 after buying an additional 102 shares in the last quarter. ZRC Wealth Management LLC bought a new stake in shares of Chubb during the 4th quarter valued at $29,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb during the 4th quarter valued at $32,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of NYSE CB traded up $4.82 during midday trading on Friday, hitting $250.21. 2,573,609 shares of the company’s stock traded hands, compared to its average volume of 1,372,569. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The stock has a market capitalization of $101.58 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a fifty day moving average of $252.51 and a 200 day moving average of $234.19.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. On average, analysts forecast that Chubb Limited will post 21.13 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, March 14th. Chubb’s payout ratio is 15.76%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John J. Lupica sold 34,464 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Raymond James upped their price target on shares of Chubb from $270.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Citigroup reiterated a “neutral” rating and issued a $275.00 price target (up previously from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Morgan Stanley upped their price target on shares of Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, BMO Capital Markets boosted their target price on Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $266.37.

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.