Grandfield & Dodd LLC cut its stake in Chubb Limited (NYSE:CB – Free Report) by 2.9% during the fourth quarter, HoldingsChannel reports. The fund owned 150,226 shares of the financial services provider’s stock after selling 4,512 shares during the quarter. Chubb comprises about 2.7% of Grandfield & Dodd LLC’s holdings, making the stock its 8th largest position. Grandfield & Dodd LLC’s holdings in Chubb were worth $46,889,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Chubb in the 3rd quarter valued at $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb in the 4th quarter valued at $31,000. Ares Financial Consulting LLC purchased a new position in shares of Chubb in the 4th quarter valued at $32,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CB. Keefe, Bruyette & Woods lifted their price target on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Jefferies Financial Group cut their price target on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Evercore lifted their price target on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group raised their price objective on Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $349.90.
Insider Transactions at Chubb
In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value 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 approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly 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 SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.
Chubb Stock Performance
Shares of CB stock opened at $311.54 on Friday. The stock has a market cap of $120.84 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.59 and a beta of 0.43. The business has a 50-day simple moving average of $325.57 and a 200-day simple moving average of $317.11. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. 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 business had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. On average, equities analysts expect that Chubb Limited will post 26.8 EPS for the current year.
About Chubb
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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