Chubb Limited $CB Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its stake in Chubb Limited (NYSE:CB) by 18.4% in the fourth quarter, HoldingsChannel reports. The fund owned 410,448 shares of the financial services provider’s stock after purchasing an additional 63,790 shares during the quarter. Cerity Partners LLC’s holdings in Chubb were worth $128,107,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CB. CBIZ Investment Advisory Services LLC lifted 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 worth $26,000 after acquiring an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb in the 3rd quarter worth approximately $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter worth approximately $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb in the 4th quarter worth approximately $32,000. Finally, Cherry Tree Wealth Management LLC lifted its stake in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 31 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer owned 203,322 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by insiders.

Chubb Stock Down 1.2%

CB stock opened at $322.22 on Tuesday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The company’s 50 day simple moving average is $324.65 and its 200-day simple moving average is $318.21. 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 firm has a market capitalization of $124.98 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.67 and a beta of 0.41.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CB. Jefferies Financial Group reduced their price target on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Barclays boosted their target price on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Citigroup boosted 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. Bank of America dropped their target price on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Finally, Mizuho dropped their target price on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $349.43.

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.