Chubb Limited $CB Shares Bought by RiverFront Investment Group LLC

RiverFront Investment Group LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 197.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,358 shares of the financial services provider’s stock after acquiring an additional 2,228 shares during the quarter. RiverFront Investment Group LLC’s holdings in Chubb were worth $1,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb in the third quarter valued at $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $32,000. Cornerstone Planning Group LLC grew its stake in shares of Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new stake in shares of Chubb in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Barclays lifted their price objective on Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. HSBC lifted their price objective on Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Evercore lifted their price objective on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Chubb Stock Up 1.9%

Shares of NYSE CB opened at $330.36 on Tuesday. The company has a market capitalization of $128.13 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.66 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $326.15 and a two-hundred day moving average of $314.63. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, analysts forecast that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders 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 of this dividend was Friday, March 13th. Chubb’s payout ratio is 13.70%.

Insider Transactions at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by company insiders.

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.