Coign Capital Advisors LLC Invests $636,000 in Chubb Limited (NYSE:CB)

Coign Capital Advisors LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,301 shares of the financial services provider’s stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quinn Opportunity Partners LLC raised its position in Chubb by 16.7% in the fourth quarter. Quinn Opportunity Partners LLC now owns 10,500 shares of the financial services provider’s stock valued at $2,901,000 after purchasing an additional 1,500 shares during the last quarter. Heritage Trust Co acquired a new position in shares of Chubb in the fourth quarter valued at approximately $1,982,000. Tandem Wealth Advisors LLC raised its holdings in Chubb by 3.0% in the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock valued at $382,000 after buying an additional 40 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Chubb by 6.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 200,730 shares of the financial services provider’s stock worth $55,462,000 after buying an additional 11,772 shares during the period. Finally, Bank of Hawaii grew its holdings in Chubb by 1.5% during the 4th quarter. Bank of Hawaii now owns 3,799 shares of the financial services provider’s stock worth $1,050,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.8 %

CB stock opened at $282.24 on Friday. The stock’s 50 day simple moving average is $282.81 and its 200 day simple moving average is $281.33. The company has a market cap of $113.01 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is 16.02%.

Insider Activity

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction dated Tuesday, March 18th. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 over the last three months. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CB. Wells Fargo & Company reduced their price objective on shares of Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Piper Sandler upped their target price on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Finally, Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $303.00.

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.