Mach 1 Financial Group LLC Invests $1.35 Million in Chubb Limited $CB

Mach 1 Financial Group LLC bought a new position in Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,330 shares of the financial services provider’s stock, valued at approximately $1,352,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berkshire Hathaway Inc raised its holdings in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after acquiring an additional 1,199,963 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Chubb during the third quarter worth $220,217,000. Amundi raised its holdings 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 acquiring an additional 693,740 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after acquiring an additional 513,852 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.4%

Shares of CB stock opened at $328.70 on Thursday. The stock’s 50 day simple moving average is $326.29 and its 200 day simple moving average is $315.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a market capitalization of $127.49 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.69 and a beta of 0.43.

Chubb (NYSE:CB) last posted 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 for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, research analysts predict that Chubb Limited will post 26.78 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed 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 was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s payout ratio is presently 13.70%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CB. Wolfe Research increased their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Mizuho cut their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Evercore increased their price objective on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, BMO Capital Markets upped their price target on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Two equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Chubb has an average rating of “Moderate Buy” and a consensus target price of $349.33.

Insider Activity at Chubb

In other 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 value of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.

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.