Van Cleef Asset Management Inc Grows Holdings in Chubb Limited $CB

Van Cleef Asset Management Inc raised its position in Chubb Limited (NYSE:CB) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,950 shares of the financial services provider’s stock after buying an additional 1,884 shares during the period. Chubb comprises 0.8% of Van Cleef Asset Management Inc’s investment portfolio, making the stock its 23rd biggest position. Van Cleef Asset Management Inc’s holdings in Chubb were worth $8,100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CB. KERR FINANCIAL PLANNING Corp purchased a new position in Chubb in the third quarter valued at $31,000. Laurel Wealth Advisors LLC purchased a new position in Chubb in the fourth quarter valued at $31,000. Ares Financial Consulting LLC purchased a new position in Chubb in the fourth quarter valued at $32,000. Cornerstone Planning Group LLC increased its holdings in 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 purchased a new position in Chubb in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by company insiders.

Chubb Price Performance

CB stock opened at $328.03 on Monday. The business has a 50 day simple moving average of $326.50 and a 200-day simple moving average of $316.08. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. 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 firm has a market capitalization of $127.23 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.68 and a beta of 0.43.

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

Chubb Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Barclays lifted their price objective on shares of Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Finally, Roth Mkm boosted their target price on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Two investment 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 company presently has an average rating of “Moderate Buy” and an average price target of $349.33.

Chubb 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.