Chubb Limited (NYSE:CB) Shares Purchased by Guardian Wealth Advisors LLC NC

Guardian Wealth Advisors LLC NC increased its position in Chubb Limited (NYSE:CB) by 12.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,051 shares of the financial services provider’s stock after buying an additional 113 shares during the quarter. Guardian Wealth Advisors LLC NC’s holdings in Chubb were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Rede Wealth LLC raised its holdings in shares of Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 37 shares during the period. United Asset Strategies Inc. boosted its stake in Chubb by 1.3% during the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider’s stock valued at $851,000 after purchasing an additional 40 shares in the last quarter. Avitas Wealth Management LLC raised its position in Chubb by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider’s stock worth $2,421,000 after acquiring an additional 40 shares in the last quarter. Tandem Wealth Advisors LLC lifted its stake in Chubb by 3.0% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 40 shares during the last quarter. Finally, Unison Advisors LLC boosted its stake in shares of Chubb by 0.3% during the 4th quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $3,742,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CB shares. Barclays lowered their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Raymond James reissued a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. Piper Sandler lifted their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Wells Fargo & Company increased their price objective on Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.86.

Chubb Stock Performance

Shares of NYSE CB opened at $289.92 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market cap of $116.18 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 3.36 and a beta of 0.57. The stock’s fifty day moving average price is $288.46 and its two-hundred day moving average price is $280.67. Chubb Limited has a one year low of $251.42 and a one year high of $306.91.

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

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is 17.52%.

Insider Activity

In other news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This represents a 4.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now 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. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

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.