Ally Financial Inc. Has $3.12 Million Stock Position in Chubb Limited $CB

Ally Financial Inc. raised its position in Chubb Limited (NYSE:CB - Free Report) by 66.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the financial services provider's stock after acquiring an additional 4,000 shares during the period. Ally Financial Inc.'s holdings in Chubb were worth $3,121,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $31,000. Ares Financial Consulting LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Chubb in the 3rd quarter valued at approximately $31,000. Finally, Cherry Tree Wealth Management LLC grew its stake in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CB. Cantor Fitzgerald reiterated a "neutral" rating and issued a $315.00 price objective on shares of Chubb in a research note on Wednesday, April 22nd. The Goldman Sachs Group lowered their price objective on Chubb from $372.00 to $362.00 and set a "buy" rating on the stock in a research note on Monday, June 8th. Barclays lowered their price objective on Chubb from $375.00 to $368.00 and set an "equal weight" rating on the stock in a research note on Friday. Piper Sandler upped their price objective on Chubb from $328.00 to $340.00 and gave the company a "neutral" rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Chubb from $304.00 to $330.00 and gave the company a "hold" rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $349.10.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief operating officer directly owned 203,322 shares of the company's stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the firm's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company's stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company's stock.

Chubb Trading Up 0.0%

CB stock opened at $328.06 on Friday. The business has a fifty day moving average price of $324.93 and a 200 day moving average price of $318.94. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock has a market capitalization of $127.24 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) 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 firm had revenue of $14.93 billion during the quarter. Analysts expect that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Chubb's previous quarterly dividend of $0.97. Chubb's payout ratio is 14.41%.

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.

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