Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Chubb Limited $CB

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Chubb Limited (NYSE:CB) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,522 shares of the financial services provider’s stock after acquiring an additional 20,600 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chubb were worth $61,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC grew its holdings in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb during the 3rd quarter worth approximately $31,000. Cornerstone Planning Group LLC increased its stake in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the period. Finally, GoalVest Advisory LLC acquired a new stake in Chubb during the 4th quarter worth approximately $40,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Down 0.3%

Shares of NYSE CB opened at $329.76 on Tuesday. The business has a 50-day moving average of $329.13 and a two-hundred day moving average of $308.94. The company has a market capitalization of $128.68 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.76 and a beta of 0.49. 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 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the prior year, the business posted $6.02 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts forecast that Chubb Limited will post 26.36 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were given 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 was Friday, March 13th. Chubb’s payout ratio is currently 15.08%.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 44,877 shares of company stock worth $14,885,226. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CB has been the subject of several recent research reports. The Goldman Sachs Group raised their price target on shares of Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Evercore increased their price objective on Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Roth Mkm lifted their target price on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. HSBC upped their price target on Chubb from $357.00 to $362.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Finally, BMO Capital Markets increased their price target on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $346.33.

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.