Intech Investment Management LLC Has $10.28 Million Stake in Chubb Limited $CB

Intech Investment Management LLC boosted its holdings in Chubb Limited (NYSE:CB) by 41.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,920 shares of the financial services provider’s stock after purchasing an additional 9,589 shares during the quarter. Intech Investment Management LLC’s holdings in Chubb were worth $10,275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Berkshire Hathaway Inc raised its stake in 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 purchasing an additional 4,299,111 shares in the last quarter. AQR Capital Management LLC raised its stake 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 worth $785,468,000 after purchasing an additional 1,199,963 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Chubb in the 3rd quarter valued at approximately $220,217,000. Amundi raised its position in shares of Chubb by 55.4% in the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after buying an additional 693,740 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Chubb by 11.6% during the 2nd 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 during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $311.54 on Friday. The firm has a market cap of $120.84 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.62 and a beta of 0.43. The firm’s fifty day moving average is $325.57 and its 200-day moving average is $317.11. 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 52 week low of $264.10 and a 52 week high of $345.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Sell-side analysts predict that Chubb Limited will post 26.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the company’s 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 sale, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Raymond James Financial upped their price target on shares of Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. Evercore upped their price target on shares of Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Piper Sandler upped their price target on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

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.