Sivia Capital Partners LLC Makes New $218,000 Investment in Chubb Limited (NYSE:CB)

Sivia Capital Partners LLC acquired a new stake in Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 963 shares of the financial services provider’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC grew its position in shares of Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock valued at $113,781,000 after purchasing an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd grew its position in shares of Chubb by 155.8% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the period. ING Groep NV grew its position in shares of Chubb by 175,378.1% in the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after purchasing an additional 112,242 shares during the period. Graypoint LLC grew its position in shares of Chubb by 1,275.7% in the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after purchasing an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC purchased a new stake in shares of Chubb in the fourth quarter valued at $1,403,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In other news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,655 shares of company stock valued at $13,669,623. 0.86% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Roth Mkm reissued a “buy” rating and set a $280.00 price target on shares of Chubb in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price target on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. HSBC reissued a “hold” rating and set a $270.00 price target (down previously from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Bank of America raised Chubb from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $244.00 to $266.00 in a research report on Thursday, May 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $282.00 price objective on shares of Chubb in a research note on Monday, April 1st. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and an average price target of $266.70.

Chubb Stock Up 0.5 %

Shares of Chubb stock opened at $260.72 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a market cap of $105.87 billion, a P/E ratio of 11.57, a P/E/G ratio of 6.22 and a beta of 0.66. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $275.41. The business has a 50-day moving average price of $256.32 and a 200 day moving average price of $246.45.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. Chubb’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.41 earnings per share. On average, sell-side analysts forecast that Chubb Limited will post 21.19 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a dividend yield of 1.40%. Chubb’s dividend payout ratio is 16.16%.

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.