Chubb Limited (NYSE:CB) Stake Lowered by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lowered its position in Chubb Limited (NYSE:CB) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,550 shares of the financial services provider’s stock after selling 460 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Chubb were worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. Americana Partners LLC acquired a new position in Chubb during the third quarter worth $292,000. Lazard Asset Management LLC boosted its stake in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its holdings in shares of Chubb by 155.8% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares during the last quarter. Graypoint LLC raised its stake in shares of Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after acquiring an additional 29,302 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in Chubb in the 4th quarter worth approximately $1,403,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and set a $282.00 price target on shares of Chubb in a report on Monday, April 1st. UBS Group lifted their target price on shares of Chubb from $245.00 to $256.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Morgan Stanley upped their price target on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. HSBC reiterated a “hold” rating and issued a $270.00 price objective (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Finally, Wells Fargo & Company lifted their price target on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $266.74.

Chubb Price Performance

Shares of NYSE:CB traded up $8.17 on Friday, hitting $273.05. The stock had a trading volume of 1,627,987 shares, compared to its average volume of 1,716,754. The company has a market capitalization of $110.87 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.19 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s 50 day moving average price is $252.51 and its 200-day moving average price is $239.54. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $273.17.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.41 earnings per share. On average, equities research analysts predict that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.91 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. Chubb’s dividend payout ratio (DPR) is 15.27%.

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at $2,036,085.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders sold 145,099 shares of company stock valued at $37,156,142 over the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.