Delphi Management Inc. MA Grows Holdings in Chubb Limited (NYSE:CB)

Delphi Management Inc. MA increased its position in Chubb Limited (NYSE:CB) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,255 shares of the financial services provider’s stock after acquiring an additional 65 shares during the quarter. Delphi Management Inc. MA’s holdings in Chubb were worth $1,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Tocqueville Asset Management L.P. grew its holdings in Chubb by 8.2% during the 4th quarter. Tocqueville Asset Management L.P. now owns 133,566 shares of the financial services provider’s stock valued at $36,904,000 after buying an additional 10,105 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Chubb by 0.5% during the 4th quarter. William Blair Investment Management LLC now owns 186,045 shares of the financial services provider’s stock valued at $51,404,000 after buying an additional 932 shares in the last quarter. Signaturefd LLC grew its holdings in Chubb by 1.9% during the 4th quarter. Signaturefd LLC now owns 5,966 shares of the financial services provider’s stock valued at $1,648,000 after buying an additional 111 shares in the last quarter. Parallel Advisors LLC grew its holdings in Chubb by 2.2% during the 4th quarter. Parallel Advisors LLC now owns 6,084 shares of the financial services provider’s stock valued at $1,681,000 after buying an additional 132 shares in the last quarter. Finally, SouthState Corp grew its holdings in Chubb by 1.3% during the 4th quarter. SouthState Corp now owns 54,891 shares of the financial services provider’s stock valued at $15,166,000 after buying an additional 718 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 1.3 %

Shares of CB opened at $297.81 on Tuesday. The company has a market cap of $119.25 billion, a PE ratio of 13.11, a P/E/G ratio of 3.36 and a beta of 0.66. The business has a fifty day moving average of $274.21 and a 200 day moving average of $280.97. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.22%. Chubb’s payout ratio is 16.02%.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CB shares. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $301.00.

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.