Banque Cantonale Vaudoise Raises Stock Holdings in Chubb Limited $CB

Banque Cantonale Vaudoise lifted its holdings in shares of Chubb Limited (NYSE:CB) by 26.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,556 shares of the financial services provider’s stock after acquiring an additional 3,300 shares during the period. Banque Cantonale Vaudoise’s holdings in Chubb were worth $4,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CB. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC bought a new position in Chubb during the fourth quarter valued at $31,000. Ares Financial Consulting LLC bought a new position in Chubb during the fourth quarter valued at $32,000. Cornerstone Planning Group LLC grew its holdings in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares during the period. Finally, GoalVest Advisory LLC bought a new position in Chubb during the fourth quarter valued at $40,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on CB shares. Citigroup raised their price target on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Piper Sandler raised their price target on Chubb from $319.00 to $328.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Bank of America cut their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Evercore raised their price target on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $349.33.

Chubb Price Performance

NYSE:CB opened at $330.20 on Wednesday. The stock has a fifty day moving average of $326.19 and a 200 day moving average of $315.00. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $128.07 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.69 and a beta of 0.43.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion for the quarter. On average, research analysts expect that Chubb Limited will post 26.78 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 13.70%.

Insiders Place Their Bets

In other news, Director Olivier Steimer sold 2,000 shares of Chubb 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 transaction, the director owned 25,468 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is owned by insiders.

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.