Donoghue Forlines LLC purchased a new position in shares of Chubb Limited (NYSE:CB – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,728 shares of the financial services provider’s stock, valued at approximately $2,412,000. Chubb comprises about 0.7% of Donoghue Forlines LLC’s portfolio, making the stock its 26th largest position.
Several other institutional investors have also modified their holdings of CB. Berkshire Hathaway Inc grew its position 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 during the last quarter. AQR Capital Management LLC grew its position 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 during the last quarter. Woodline Partners LP bought a new position in shares of Chubb during the third quarter worth about $220,217,000. Amundi grew its position 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 during the last quarter. Finally, Bank of America Corp DE grew its position 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 during the last quarter. Institutional investors own 83.81% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented 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 research report on Friday, April 24th. HSBC increased their target price on shares of Chubb from $362.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Wolfe Research increased their target price on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Citigroup increased their target price on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, Piper Sandler increased their target price on shares of Chubb from $319.00 to $328.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chubb has a consensus rating of “Moderate Buy” and an average target price of $349.33.
Insider Buying and Selling
In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.37% of the company’s stock.
Chubb Price Performance
CB stock opened at $319.97 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The firm has a market capitalization of $124.10 billion, a PE ratio of 11.30, a P/E/G ratio of 1.62 and a beta of 0.43. The firm has a 50-day moving average of $326.39 and a two-hundred day moving average of $313.94.
Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data 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. On average, analysts forecast that Chubb Limited will post 26.78 earnings per share for the current year.
Chubb Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is currently 13.70%.
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.
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