Parkside Financial Bank & Trust Purchases 2,236 Shares of Chubb Limited (NYSE:CB)

Parkside Financial Bank & Trust grew its position in Chubb Limited (NYSE:CB) by 75.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,205 shares of the financial services provider’s stock after acquiring an additional 2,236 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Chubb were worth $1,176,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after buying an additional 13,059,385 shares during the period. Northern Trust Corp raised its position in shares of Chubb by 2.3% during the third quarter. Northern Trust Corp now owns 4,221,419 shares of the financial services provider’s stock worth $878,815,000 after acquiring an additional 93,885 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Chubb by 2.6% during the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock valued at $701,301,000 after acquiring an additional 77,453 shares during the period. Finally, Boston Partners boosted its holdings in Chubb by 6.4% in the third quarter. Boston Partners now owns 2,850,197 shares of the financial services provider’s stock valued at $594,006,000 after acquiring an additional 170,774 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value 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 have sold 116,043 shares of company stock valued at $29,766,694 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on CB shares. UBS Group upped their target price on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. TD Cowen assumed coverage on shares of Chubb in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 price objective on the stock. Citigroup reiterated a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Keefe, Bruyette & Woods raised their price target on Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Chubb Stock Down 4.2 %

Shares of CB stock traded down $10.48 on Wednesday, hitting $239.40. 645,481 shares of the stock were exchanged, compared to its average volume of 1,714,074. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The firm has a market capitalization of $97.19 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. The business has a 50-day moving average of $252.64 and a 200 day moving average of $235.15.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same period in the previous year, the business earned $4.41 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.44%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

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.