Krilogy Financial LLC Acquires 2,113 Shares of Chubb Limited $CB

Krilogy Financial LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 25.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,406 shares of the financial services provider’s stock after purchasing an additional 2,113 shares during the quarter. Krilogy Financial LLC’s holdings in Chubb were worth $3,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc boosted its holdings in shares of Chubb by 15.9% during 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 buying an additional 4,299,111 shares during the period. AQR Capital Management LLC raised its holdings 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 valued at $785,468,000 after acquiring an additional 1,199,963 shares during the period. Woodline Partners LP bought a new position in Chubb in the 3rd quarter valued at about $220,217,000. Amundi lifted its position in 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 during the last quarter. Finally, Bank of America Corp DE lifted its position in 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 during the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on CB shares. Morgan Stanley set a $350.00 target price on Chubb in a research report on Friday, January 16th. Citigroup boosted their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Piper Sandler upped their price objective on Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Evercore increased their price objective on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. 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 given a Sell rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $346.33.

Chubb Trading Down 0.3%

CB opened at $329.76 on Tuesday. The stock has a market capitalization of $128.68 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.76 and a beta of 0.49. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a 50-day simple moving average of $329.13 and a 200 day simple moving average of $308.94.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $6.02 EPS. Analysts predict that Chubb Limited will post 26.36 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is 15.08%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb 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. The trade was a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,877 shares of company stock worth $14,885,226 over the last three months. Corporate 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.