Savant Capital LLC Has $2.98 Million Position in Chubb Limited $CB

Savant Capital LLC reduced its holdings in shares of Chubb Limited (NYSE:CB) by 48.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,549 shares of the financial services provider’s stock after selling 8,907 shares during the period. Savant Capital LLC’s holdings in Chubb were worth $2,981,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CB. CBIZ Investment Advisory Services LLC grew its stake in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb in the 3rd quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter valued at about $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb in the 4th quarter valued at about $32,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Chubb by 81.5% in the 3rd 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 during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

CB opened at $311.54 on Friday. 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 company has a market capitalization of $120.84 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.59 and a beta of 0.43. The firm’s fifty day moving average price is $325.57 and its two-hundred day moving average price is $317.11. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Barclays raised their target price on Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company raised their target price on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Bank of America reduced their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Mizuho reduced their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $349.90.

Insider Transactions at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on 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 directly 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 SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

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.