Parcion Private Wealth LLC Grows Stock Position in Chubb Limited $CB

Parcion Private Wealth LLC boosted its position in Chubb Limited (NYSE:CBFree Report) by 233.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,345 shares of the financial services provider’s stock after purchasing an additional 3,041 shares during the period. Parcion Private Wealth LLC’s holdings in Chubb were worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Berkshire Hathaway Inc grew its position in shares of Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after purchasing an additional 4,299,111 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Chubb by 75.1% in the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after purchasing an additional 1,199,963 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Chubb in the third quarter valued at $220,217,000. Amundi grew its position in shares of Chubb by 55.4% in the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after purchasing an additional 693,740 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after buying an additional 513,852 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,877 shares of company stock worth $14,885,226 in the last 90 days. Company insiders own 0.77% of the company’s stock.

Key Stories Impacting Chubb

Here are the key news stories impacting Chubb this week:

Chubb Trading Up 0.6%

Shares of CB stock opened at $327.63 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $329.14 and a two-hundred day moving average price of $307.73. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The firm has a market cap of $127.85 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.49.

Chubb (NYSE:CBGet Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.02 earnings per share. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s payout ratio is currently 15.08%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CB. Mizuho dropped their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research note on Friday, March 27th. UBS Group reaffirmed a “neutral” rating and set a $340.00 price target on shares of Chubb in a research note on Monday, February 9th. Morgan Stanley set a $350.00 price target on Chubb in a research note on Friday, January 16th. Finally, Cantor Fitzgerald lifted their price target on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $345.86.

View Our Latest Stock Analysis on Chubb

Chubb Company Profile

(Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

Further Reading

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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