Coldstream Capital Management Inc. Boosts Stake in Chubb Limited (NYSE:CB)

Coldstream Capital Management Inc. grew its position in Chubb Limited (NYSE:CB) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,607 shares of the financial services provider’s stock after acquiring an additional 110 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Chubb were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CB. Sierra Ocean LLC purchased a new stake in Chubb during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Chubb in the 4th quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after buying an additional 89 shares in the last quarter. Human Investing LLC purchased a new stake in shares of Chubb during the 4th quarter valued at about $36,000. Finally, Mainstream Capital Management LLC bought a new position in shares of Chubb in the 4th quarter valued at about $37,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Down 1.0 %

CB opened at $279.07 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $286.39 and its two-hundred day moving average is $281.09. The company has a market capitalization of $111.82 billion, a P/E ratio of 12.28, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a 52 week low of $244.84 and a 52 week high of $306.91.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.30%. Chubb’s payout ratio is presently 17.52%.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,470 shares of company stock worth $18,562,730. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CB. JPMorgan Chase & Co. lifted their target price on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price target on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a research report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. UBS Group raised their target price on shares of Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Finally, Piper Sandler upped their price target on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and an average price target of $307.79.

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.