RiverFront Investment Group LLC Increases Holdings in Chubb Limited $CB

RiverFront Investment Group LLC grew its holdings in shares of Chubb Limited (NYSE:CBFree Report) by 197.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,358 shares of the financial services provider’s stock after purchasing an additional 2,228 shares during the period. RiverFront Investment Group LLC’s holdings in Chubb were worth $1,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the third quarter worth about $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $32,000. Cornerstone Planning Group LLC increased its position in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CB shares. Bank of America cut their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Barclays lifted their target price on Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Citigroup lifted their target price on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Mizuho cut their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company lifted their target price on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average price target of $349.33.

View Our Latest Stock Report on CB

Chubb Price Performance

Shares of NYSE:CB opened at $330.36 on Tuesday. The business’s 50 day simple moving average is $326.15 and its 200-day simple moving average is $314.63. The firm has a market capitalization of $128.13 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.66 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67.

Chubb (NYSE:CBGet Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, equities analysts forecast that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders 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 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is 13.70%.

Insider Activity at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was 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 of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

Chubb Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CBFree Report).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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