Chubb Limited $CB Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 55.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,812 shares of the financial services provider’s stock after buying an additional 10,315 shares during the quarter. Sterling Capital Management LLC’s holdings in Chubb were worth $9,391,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Narus Financial Partners LLC purchased a new position in Chubb in the 1st quarter worth approximately $210,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chubb during the first quarter valued at approximately $29,000. Venturi Wealth Management LLC raised its stake in shares of Chubb by 5.9% during the first quarter. Venturi Wealth Management LLC now owns 3,341 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 187 shares during the period. Maridea Wealth Management LLC acquired a new position in shares of Chubb during the first quarter worth $322,000. Finally, Crown Wealth Group LLC lifted its position in shares of Chubb by 4.7% during the first quarter. Crown Wealth Group LLC now owns 846 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 38 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

CB opened at $341.19 on Friday. The company has a market capitalization of $132.33 billion, a P/E ratio of 12.05, a PEG ratio of 1.69 and a beta of 0.41. The company has a 50-day moving average of $325.13 and a 200-day moving average of $321.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Equities analysts expect that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.41%.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CB. JPMorgan Chase & Co. raised their price target on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. BMO Capital Markets lifted their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Evercore boosted their price target on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Piper Sandler increased their price target on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $349.10.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.