Paladin Advisory Group LLC Lowers Holdings in Chubb Limited (NYSE:CB)

Paladin Advisory Group LLC decreased its position in shares of Chubb Limited (NYSE:CB) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,319 shares of the financial services provider’s stock after selling 455 shares during the quarter. Paladin Advisory Group LLC’s holdings in Chubb were worth $1,202,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its position in Chubb by 5.2% during the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 44 shares in the last quarter. Valley National Advisers Inc. increased its position in Chubb by 0.9% during the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider’s stock valued at $1,155,000 after buying an additional 44 shares in the last quarter. Sfmg LLC raised its position in shares of Chubb by 3.0% in the 4th quarter. Sfmg LLC now owns 1,533 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 45 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its stake in Chubb by 3.9% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 47 shares in the last quarter. Finally, Innovis Asset Management LLC increased its stake in Chubb by 1.7% during the 3rd quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Raymond James boosted their price objective on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. Piper Sandler restated an “overweight” rating and issued a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. Royal Bank of Canada lifted their target price on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. StockNews.com upgraded shares of Chubb from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.37.

Chubb Price Performance

CB traded up $4.82 on Friday, hitting $250.21. 2,573,256 shares of the company’s stock were exchanged, compared to its average volume of 1,728,740. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $260.58. The stock has a market cap of $101.58 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.15 and a beta of 0.62. The firm has a 50-day moving average price of $252.45 and a 200-day moving average price of $233.88. 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 (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. The firm had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a net margin of 18.11% and a return on equity of 16.45%. As a group, equities analysts anticipate that Chubb Limited will post 21.13 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,043 shares of company stock valued at $29,766,694. 0.86% of the stock is currently owned by insiders.

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.