Chubb Limited $CB Shares Acquired by CX Institutional

CX Institutional raised its holdings in shares of Chubb Limited (NYSE:CB) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,941 shares of the financial services provider’s stock after acquiring an additional 2,010 shares during the quarter. CX Institutional’s holdings in Chubb were worth $10,594,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Spire Wealth Management raised its stake in shares of Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after purchasing an additional 7,156 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Chubb by 7.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after purchasing an additional 7,043 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in shares of Chubb by 42.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after purchasing an additional 4,233 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Chubb during the 3rd quarter worth about $3,123,000. Finally, waypoint wealth counsel raised its stake in shares of Chubb by 76.4% during the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 1,784 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CB shares. Mizuho cut their price target on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 price target on shares of Chubb in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price target on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Keefe, Bruyette & Woods raised their price target on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company raised their price target on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Insider Activity at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 44,877 shares of company stock worth $14,885,226. 0.37% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of NYSE CB opened at $326.39 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $329.03 and its two-hundred day moving average is $311.15. The company has a market cap of $126.59 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.67 and a beta of 0.43. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts expect that Chubb Limited will post 26.74 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is presently 13.70%.

Chubb Company Profile

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.