Rothschild Wealth LLC Boosts Stake in Chubb Limited $CB

Rothschild Wealth LLC boosted its stake in Chubb Limited (NYSE:CB) by 258.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,900 shares of the financial services provider’s stock after buying an additional 2,092 shares during the quarter. Rothschild Wealth LLC’s holdings in Chubb were worth $905,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Berkshire Hathaway Inc raised its position in shares of Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after buying an additional 4,299,111 shares during the period. Norges Bank acquired a new stake in Chubb in the 4th quarter valued at $1,081,190,000. AQR Capital Management LLC increased its holdings in Chubb by 75.1% in the 3rd 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 acquired a new stake in shares of Chubb during the third quarter valued at about $220,217,000. Finally, Amundi lifted its position in shares of Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after purchasing an additional 693,740 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the company’s 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 sale, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup raised their target price on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. UBS Group restated a “neutral” rating and issued a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Mizuho decreased their price target on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. BMO Capital Markets lifted their price objective on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Citizens Jmp lifted their price objective on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Two equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

Chubb Stock Performance

Shares of CB opened at $310.32 on Tuesday. The company’s fifty day moving average price is $325.31 and its 200 day moving average price is $317.44. The company has a market capitalization of $120.36 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.59 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. Chubb Limited has a one year low of $264.10 and a one year high of $345.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

About Chubb

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.