Sierra Summit Advisors LLC Has $1.76 Million Position in Chubb Limited (NYSE:CB)

Sierra Summit Advisors LLC raised its position in shares of Chubb Limited (NYSE:CB) by 25.0% in the fourth quarter, Holdings Channel reports. The fund owned 6,361 shares of the financial services provider’s stock after buying an additional 1,274 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Chubb were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Continuum Advisory LLC increased its position in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the period. First Financial Bank Trust Division grew its stake in shares of Chubb by 3.7% in the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 37 shares during the last quarter. Rede Wealth LLC raised its stake in Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 37 shares during the last quarter. Sfmg LLC raised its position in shares of Chubb by 2.4% during the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider’s stock valued at $485,000 after buying an additional 40 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its stake in shares of Chubb by 1.3% in the fourth quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider’s stock valued at $851,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction 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 $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 over the last 90 days. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CB shares. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Finally, Piper Sandler raised their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $303.14.

Chubb Stock Down 7.2 %

Shares of NYSE:CB opened at $280.74 on Monday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $306.91. The firm has a market cap of $112.41 billion, a P/E ratio of 12.36, a P/E/G ratio of 3.36 and a beta of 0.47. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $282.25 and its two-hundred day moving average price is $281.69.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.30%. Chubb’s payout ratio is currently 16.02%.

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.