Vestmark Advisory Solutions Inc. Increases Stock Position in Chubb Limited $CB

Vestmark Advisory Solutions Inc. grew its holdings in Chubb Limited (NYSE:CB) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,292 shares of the financial services provider’s stock after purchasing an additional 1,609 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Chubb were worth $3,752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CB. Harbor Capital Advisors Inc. raised its holdings in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Chubb during the 2nd quarter worth $32,000. Cornerstone Planning Group LLC lifted its position in shares of Chubb by 81.5% during the 3rd 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 during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb during the third quarter worth $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CB shares. JPMorgan Chase & Co. lifted their price target on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Citigroup raised their price objective on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Piper Sandler increased their target price on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $340.81.

Chubb Stock Performance

NYSE CB opened at $333.27 on Tuesday. The firm has a market cap of $131.16 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.11 and a beta of 0.49. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $335.60. The business’s 50-day moving average price is $313.88 and its 200 day moving average price is $294.01. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the firm earned $6.02 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb 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.