Vise Technologies Inc. lifted its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 110.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,426 shares of the financial services provider’s stock after buying an additional 9,129 shares during the quarter. Vise Technologies Inc.’s holdings in Chubb were worth $5,439,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC grew its position in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $31,000. Finally, Cherry Tree Wealth Management LLC grew its position in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.
Wall Street Analysts Forecast Growth
CB has been the subject of several analyst reports. Mizuho lowered their price target on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets lifted 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. The Goldman Sachs Group boosted their price objective on shares of Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Piper Sandler boosted their price objective on shares of Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Finally, UBS Group restated a “neutral” rating and set a $340.00 price objective on shares of Chubb in a report on Monday, February 9th. Two investment 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 company’s stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average price target of $349.90.
Insider Activity 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 shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares in the company, valued at $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 the SEC website. Also, COO John W. Keogh sold 23,000 shares of the company’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 completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.
Chubb Stock Up 3.9%
Shares of NYSE CB opened at $326.82 on Friday. The stock has a market cap of $126.76 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.61 and a beta of 0.41. The firm has a 50 day moving average price of $324.69 and a 200 day moving average price of $317.87. 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 – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Analysts expect that Chubb Limited will post 26.8 EPS for the current year.
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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