Webster Bank N. A. Purchases 193 Shares of Chubb Limited (NYSE:CB)

Webster Bank N. A. grew its position in Chubb Limited (NYSE:CBFree Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,765 shares of the financial services provider’s stock after purchasing an additional 193 shares during the quarter. Webster Bank N. A.’s holdings in Chubb were worth $1,077,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in shares of Chubb in the first quarter worth $195,000. Roundview Capital LLC grew its stake in shares of Chubb by 2.6% in the first quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock worth $891,000 after acquiring an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Chubb by 59.8% during the first 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 boosted its stake in Chubb by 18.7% during the first 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. boosted its stake 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 valued at $33,110,000 after purchasing an additional 27,926 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the sale, the executive vice president now owns 35,662 shares in the company, valued at approximately $9,228,612.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 in the last quarter. 0.37% of the stock is currently owned by insiders.

Chubb Price Performance

Shares of CB opened at $254.86 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50 day simple moving average of $251.85 and a 200 day simple moving average of $231.33. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58. The firm has a market capitalization of $103.41 billion, a PE ratio of 11.67, a P/E/G ratio of 1.22 and a beta of 0.62.

Chubb (NYSE:CBGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Sell-side analysts predict that Chubb Limited will post 21.16 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 15.76%.

Analysts Set New Price Targets

Several brokerages have recently commented on CB. HSBC began coverage on shares of Chubb in a research note on Thursday, December 28th. They issued a “buy” rating and a $263.00 target price on the stock. JMP Securities boosted their target price on shares of Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. StockNews.com upgraded shares of Chubb from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. The Goldman Sachs Group downgraded shares of Chubb from a “buy” rating to a “neutral” rating and set a $222.00 target price on the stock. in a research note on Monday, January 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $282.00 target price on shares of Chubb in a research note on Monday. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.56.

Check Out Our Latest Report on CB

Chubb Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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