London Co. of Virginia grew its holdings in Chubb Limited (NYSE:CB – Free Report) by 10.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 802,837 shares of the financial services provider’s stock after buying an additional 77,345 shares during the quarter. Chubb accounts for about 1.4% of London Co. of Virginia’s investment portfolio, making the stock its 28th biggest holding. London Co. of Virginia’s holdings in Chubb were worth $250,591,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of CB. CBIZ Investment Advisory Services LLC raised 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 worth $26,000 after purchasing an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Chubb during the third quarter worth $31,000. Laurel Wealth Advisors LLC acquired a new position in Chubb during the fourth quarter worth $31,000. Ares Financial Consulting LLC acquired a new position in Chubb during the fourth quarter worth $32,000. Finally, Cherry Tree Wealth Management LLC raised its holdings in Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Chubb news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by insiders.
Chubb Price Performance
Chubb (NYSE:CB – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 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%. Equities research analysts forecast that Chubb Limited will post 26.8 EPS for the current year.
Chubb Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a $1.02 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s dividend payout ratio (DPR) is presently 14.41%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Citizens Jmp lifted their price objective on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 22nd. BMO Capital Markets lifted their price objective on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Finally, Mizuho cut their price target on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $349.10.
View Our Latest Research Report on CB
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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