Cambridge Trust Co. Acquires 57 Shares of Chubb Limited (NYSE:CB)

Cambridge Trust Co. boosted its holdings in shares of Chubb Limited (NYSE:CB) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,962 shares of the financial services provider’s stock after purchasing an additional 57 shares during the quarter. Cambridge Trust Co.’s holdings in Chubb were worth $669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new position in shares of Chubb during the 1st quarter valued at approximately $195,000. Roundview Capital LLC lifted its position in Chubb by 2.6% during the first quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after purchasing an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Chubb by 59.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after buying an additional 1,134 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Chubb by 18.7% in the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after buying an additional 203 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Chubb by 22.0% in the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock worth $33,110,000 after buying an additional 27,926 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.8 %

CB opened at $245.39 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $252.45 and its two-hundred day moving average is $233.88. The company has a market capitalization of $99.63 billion, a P/E ratio of 11.24, a PEG ratio of 1.15 and a beta of 0.62. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate 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 return on equity of 16.45% and a net margin of 18.11%. Analysts forecast that Chubb Limited will post 21.13 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. Chubb’s dividend payout ratio is currently 15.76%.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The shares were 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 directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction on Thursday, February 1st. The shares were 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 of the company’s stock, valued at $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. TD Cowen initiated coverage on Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective on the stock. Piper Sandler restated an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research report on Monday, April 1st. Roth Mkm boosted their price objective on shares of Chubb from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. BMO Capital Markets raised their target price on shares of Chubb from $220.00 to $240.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Finally, Evercore ISI lifted their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $266.37.

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.