ProShare Advisors LLC Has $202.89 Million Stock Holdings in Chubb Limited $CB

ProShare Advisors LLC cut its stake in shares of Chubb Limited (NYSE:CB) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 650,033 shares of the financial services provider’s stock after selling 43,877 shares during the quarter. ProShare Advisors LLC’s holdings in Chubb were worth $202,888,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CB. Brighton Jones LLC boosted its position in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb during the fourth quarter valued at approximately $205,000. Woodline Partners LP lifted its position in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Chubb by 9.3% in the second quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock valued at $58,305,000 after buying an additional 17,155 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CB. Bank of America cut their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Citigroup raised their price objective on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Jefferies Financial Group cut their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Piper Sandler raised their price objective on Chubb from $319.00 to $328.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Roth Mkm raised their price objective on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $349.33.

Chubb Stock Performance

CB opened at $330.36 on Tuesday. The stock has a market cap of $128.13 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.66 and a beta of 0.43. The business has a 50 day moving average of $326.15 and a 200-day moving average of $314.63. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business 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, equities research analysts expect that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Dividend Announcement

The company 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 annualized dividend and a 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%.

Insiders Place Their Bets

In related news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on 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 approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

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.