Sivia Capital Partners LLC Buys 5,545 Shares of Chubb Limited $CB

Sivia Capital Partners LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 149.6% in the fourth quarter, Holdings Channel reports. The fund owned 9,252 shares of the financial services provider’s stock after acquiring an additional 5,545 shares during the period. Chubb comprises approximately 0.6% of Sivia Capital Partners LLC’s holdings, making the stock its 20th biggest position. Sivia Capital Partners LLC’s holdings in Chubb were worth $2,888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Berkshire Hathaway Inc lifted its holdings in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after acquiring an additional 4,299,111 shares during the period. Norges Bank bought a new position in shares of Chubb during the fourth quarter valued at $1,081,190,000. AQR Capital Management LLC lifted its holdings in shares of Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after acquiring an additional 1,199,963 shares during the period. Woodline Partners LP bought a new position in shares of Chubb during the third quarter valued at $220,217,000. Finally, Amundi lifted its holdings in shares of Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after acquiring an additional 693,740 shares during the period. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CB shares. UBS Group reaffirmed a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. 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. Wolfe Research lifted their price target on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Roth Mkm lifted their price target on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Piper Sandler lifted their price target on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $349.90.

Insider Activity

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $313.03 on Thursday. The stock has a 50-day simple moving average of $324.83 and a 200 day simple moving average of $317.68. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The stock has a market capitalization of $121.41 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 1.59 and a beta of 0.41.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The firm 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%. On average, research analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

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.