First Trust Direct Indexing L.P. Acquires 760 Shares of Chubb Limited (NYSE:CB)

First Trust Direct Indexing L.P. raised its position in Chubb Limited (NYSE:CB) by 6.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,322 shares of the financial services provider’s stock after purchasing an additional 760 shares during the period. First Trust Direct Indexing L.P.’s holdings in Chubb were worth $3,011,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. ZRC Wealth Management LLC acquired a new position in shares of Chubb during the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Chubb during the 4th quarter valued at $32,000. Naples Money Management LLC acquired a new position in shares of Chubb during the 4th quarter valued at $34,000. Bell Investment Advisors Inc lifted its position in shares of Chubb by 39.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 208 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 59 shares during the period. Finally, Addison Advisors LLC lifted its position in shares of Chubb by 87.0% during the 4th quarter. Addison Advisors LLC now owns 215 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at $33,902,208.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock worth $29,766,694 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $282.00 target price on shares of Chubb in a research report on Monday, April 1st. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. HSBC reaffirmed a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Royal Bank of Canada dropped their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, TD Cowen began coverage on shares of Chubb in a report on Wednesday, January 10th. They issued a “market perform” rating and a $254.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.89.

Chubb Stock Performance

Shares of CB traded up $1.29 during trading hours on Wednesday, hitting $249.93. The company’s stock had a trading volume of 1,144,889 shares, compared to its average volume of 1,748,753. The company has a market cap of $101.49 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.18 and a beta of 0.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day simple moving average of $252.26 and a two-hundred day simple moving average of $236.43. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $260.58.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $4.41 earnings per share. On average, equities analysts expect that Chubb Limited will post 21.18 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.38%. Chubb’s payout ratio is 15.27%.

Chubb 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.