Arbejdsmarkedets Tillaegspension purchased a new stake in Chubb Limited (NYSE:CB – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 77,216 shares of the financial services provider’s stock, valued at approximately $24,101,000.
Other large investors also recently made changes to their positions in the company. Berkshire Hathaway Inc raised its position in shares of Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after buying an additional 4,299,111 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Chubb by 75.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after purchasing an additional 1,199,963 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Chubb during the 3rd quarter worth $220,217,000. Amundi grew its holdings in shares of Chubb by 55.4% during the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after purchasing an additional 693,740 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Chubb by 11.6% during the 2nd 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 purchasing an additional 513,852 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.
Chubb Stock Up 1.3%
Shares of NYSE:CB opened at $319.97 on Friday. The company has a fifty day moving average of $326.39 and a 200-day moving average of $313.94. The company has a market capitalization of $124.10 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.62 and a beta of 0.43. 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 Dividend Announcement
The firm 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. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is currently 13.70%.
Insider Buying and Selling at Chubb
In related news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction 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 sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on CB shares. HSBC increased their target price on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Citizens Jmp boosted their price objective on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Roth Mkm boosted their price objective on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, 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 research report on Tuesday, April 7th. Two 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $349.33.
Get Our Latest Stock Report on CB
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.
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