Siemens Fonds Invest GmbH Purchases 1,610 Shares of Chubb Limited $CB

Siemens Fonds Invest GmbH grew its position in shares of Chubb Limited (NYSE:CB) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,277 shares of the financial services provider’s stock after purchasing an additional 1,610 shares during the period. Siemens Fonds Invest GmbH’s holdings in Chubb were worth $7,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CB. Norges Bank bought a new stake in Chubb during the second quarter valued at $1,195,137,000. Bank of America Corp DE grew its position in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after buying an additional 513,852 shares in the last quarter. London Co. of Virginia increased its stake in Chubb by 211.0% in the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock worth $213,559,000 after acquiring an additional 500,116 shares during the last quarter. Altrinsic Global Advisors LLC raised its holdings in shares of Chubb by 46.9% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after acquiring an additional 444,557 shares in the last quarter. Finally, Troy Asset Management Ltd raised its holdings in shares of Chubb by 89.1% in the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock valued at $229,872,000 after acquiring an additional 373,872 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $350.00 target price on shares of Chubb in a research note on Wednesday, February 4th. Bank of America dropped their target price on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research report on Friday, January 16th. Jefferies Financial Group boosted their price target on shares of Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. Finally, Wells Fargo & Company increased their price target on shares of Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $340.81.

Chubb Stock Performance

Shares of NYSE CB opened at $329.24 on Friday. The stock’s 50-day moving average is $319.55 and its 200 day moving average is $299.38. The stock has a market cap of $128.45 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 2.07 and a beta of 0.46. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the prior year, the firm earned $6.02 earnings per share. Chubb’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

Insiders Place Their Bets

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

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.