Northwestern Mutual Wealth Management Co. raised its stake in shares of Chubb Limited (NYSE:CB – Free Report) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,355 shares of the financial services provider’s stock after purchasing an additional 3,160 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Chubb were worth $11,035,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC lifted its holdings in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in Chubb during the third quarter valued at $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $31,000. Ares Financial Consulting LLC purchased a new position in shares of Chubb in the fourth quarter worth about $32,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.
Chubb Price Performance
Shares of CB opened at $310.32 on Tuesday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The stock has a market cap of $120.36 billion, a PE ratio of 10.96, a P/E/G ratio of 1.59 and a beta of 0.43. The firm has a 50-day simple moving average of $325.31 and a two-hundred day simple moving average of $317.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Roth Mkm raised their price target on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Mizuho decreased their price target on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company raised their price target on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. BMO Capital Markets raised their price target on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $349.90.
View Our Latest Stock Report on CB
Insider Buying and Selling
In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The shares were 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 in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on 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 transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.
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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