3,324 Chubb Limited $CB Shares Acquired by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its Chubb holdings by 7.2%, acquiring 3,324 additional shares for a total position of 49,496 shares valued at approximately $16.1 million. Institutional investors collectively own 83.81% of Chubb.
• Chubb reported quarterly EPS of $7.66, beating estimates of $6.77, while revenue reached $16.2 billion. The company also pays a $1.02 quarterly dividend, equivalent to a 1.1% yield.
• Analyst sentiment remains mixed: Chubb has a consensus “Hold” rating and an average price target of $361.09, despite several firms maintaining Buy ratings and raising their targets.

Citizens Financial Group Inc. RI lifted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,496 shares of the financial services provider's stock after acquiring an additional 3,324 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Chubb were worth $16,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC raised its holdings in shares of Chubb by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider's stock valued at $102,959,000 after buying an additional 5,225 shares during the period. Equitable Holdings Inc. acquired a new position in Chubb during the 2nd quarter worth approximately $4,139,000. Berkshire Hathaway Inc acquired a new position in Chubb during the 2nd quarter worth approximately $11,670,067,000. XXEC Inc. purchased a new position in Chubb in the 2nd quarter worth approximately $26,210,000. Finally, Douglas Lane & Associates LLC boosted its holdings in Chubb by 2,748.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 467,591 shares of the financial services provider's stock worth $152,084,000 after acquiring an additional 451,173 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CB. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research note on Wednesday, July 15th. Citigroup restated a "buy" rating and issued a $405.00 target price (up from $395.00) on shares of Chubb in a research note on Wednesday. The Goldman Sachs Group raised their price target on shares of Chubb from $362.00 to $386.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Morgan Stanley lowered their price target on shares of Chubb from $360.00 to $350.00 and set an "equal weight" rating for the company in a report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $361.09.

Insider Buying and Selling at Chubb

In other news, Director Michael P. Connors sold 5,500 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company's stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph Wayland sold 8,502 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company's stock.

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s latest earnings call highlighted solid profits, strong underwriting performance and investment-float growth, supporting the view that the insurer’s core business remains healthy. Chubb Earnings Call Highlights
• Positive Sentiment: Goldman Sachs maintained its Buy rating, while Wells Fargo raised its price target to $366 and JPMorgan increased its target to $374, indicating some analysts still see additional upside. Wells Fargo Rating
• Positive Sentiment: One analysis argued that Chubb may remain inexpensive despite a roughly 105% run, with valuation supported by its earnings power and underwriting results. Chubb Valuation Analysis
• Neutral Sentiment: Wells Fargo kept an Equal Weight view, JPMorgan and Mizuho retained Neutral ratings, and Cantor Fitzgerald, Barclays and Deutsche Bank maintained Hold ratings. The broad analyst stance remains cautious rather than decisively bullish. Deutsche Bank Rating
• Negative Sentiment: Several revised targets remain close to the trading price: Mizuho’s $350 target implies downside, while the reported consensus target of $358.36 suggests limited near-term appreciation. This may be weighing on the stock after its strong advance. Chubb Consensus Price Target

Chubb Trading Down 2.4%

Shares of CB opened at $355.16 on Friday. Chubb Limited has a one year low of $273.35 and a one year high of $365.91. The stock has a 50-day moving average price of $341.68 and a 200 day moving average price of $337.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.35. The company has a market capitalization of $137.02 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.58 and a beta of 0.36.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating the consensus estimate of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The company had revenue of $16.20 billion during the quarter, compared to analysts' expectations of $15.66 billion. During the same period in the prior year, the business posted $7.49 EPS. Sell-side analysts forecast that Chubb Limited will post 28.33 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb's dividend payout ratio is currently 14.28%.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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