Chubb Limited $CB Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of Chubb Limited (NYSE:CB) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 101,636 shares of the financial services provider’s stock after buying an additional 1,588 shares during the period. KBC Group NV’s holdings in Chubb were worth $33,126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CB. Liberty Square Wealth Partners LLC grew its holdings in Chubb by 3.0% during the 1st quarter. Liberty Square Wealth Partners LLC now owns 2,079 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 60 shares in the last quarter. SEB Asset Management AB bought a new stake in Chubb in the first quarter valued at $169,464,000. Swiss National Bank lifted its position in Chubb by 5.8% in the 1st quarter. Swiss National Bank now owns 1,097,231 shares of the financial services provider’s stock valued at $357,620,000 after purchasing an additional 59,720 shares during the last quarter. World Equity Group Inc. lifted its position in Chubb by 201.9% in the 1st quarter. World Equity Group Inc. now owns 4,806 shares of the financial services provider’s stock valued at $1,566,000 after purchasing an additional 3,214 shares during the last quarter. Finally, Spartan Wealth Advisory Services LLC acquired a new position in Chubb during the 1st quarter valued at about $284,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.37% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $352.75 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $365.29. The stock has a market cap of $136.82 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40. The stock has a fifty day moving average of $332.98 and a 200-day moving average of $326.03.

Chubb (NYSE:CB) last issued its earnings results 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 anticipate that Chubb Limited will post 26.75 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a dividend of $1.02 per share. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, June 12th. Chubb’s dividend payout ratio (DPR) is 14.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Cantor Fitzgerald upped their price target on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Piper Sandler upped their target price on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Mizuho lifted their price target on shares of Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Barclays set a $387.00 target price on Chubb in a research report on Tuesday, July 7th. Finally, Morgan Stanley increased their target price on shares of Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $359.09.

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.