Chubb Limited (NYSE:CB) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lessened its stake in shares of Chubb Limited (NYSE:CB) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,734 shares of the financial services provider’s stock after selling 117 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Chubb were worth $2,413,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. May Hill Capital LLC acquired a new position in shares of Chubb during the 4th quarter valued at $254,000. Nemes Rush Group LLC boosted its stake in Chubb by 5.8% during the fourth quarter. Nemes Rush Group LLC now owns 57,919 shares of the financial services provider’s stock valued at $16,003,000 after buying an additional 3,190 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Chubb by 130.0% during the fourth quarter. Alliancebernstein L.P. now owns 956,522 shares of the financial services provider’s stock worth $264,287,000 after acquiring an additional 540,554 shares during the period. Bedell Frazier Investment Counselling LLC grew its holdings in Chubb by 8.3% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 2,220 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 170 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in Chubb by 21.6% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 900 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

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

Chubb Stock Down 0.1 %

Chubb stock opened at $301.54 on Wednesday. The firm has a market cap of $120.74 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 3.36 and a beta of 0.66. The firm has a fifty day moving average price of $280.57 and a two-hundred day moving average price of $281.60. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $304.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.21%. Chubb’s payout ratio is 16.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Piper Sandler upped their price target on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $303.14.

Chubb 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.