Benjamin Edwards Inc. Has $11.42 Million Stock Holdings in Chubb Limited $CB

Key Points

• Benjamin Edwards Inc. trimmed its stake in Chubb by 11.0%, selling 4,520 shares to hold 36,572 shares worth about $11.42 million at quarter end.
• Large institutions continue to own the bulk of Chubb, with Berkshire Hathaway increasing its position to 31,332,895 shares (~$8.84 billion) and institutional ownership at 83.81%.
• Analysts have raised price targets recently and the consensus rating is a “Moderate Buy” with an average price target of $349.33.

Benjamin Edwards Inc. lessened its stake in Chubb Limited (NYSE:CB - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,572 shares of the financial services provider's stock after selling 4,520 shares during the quarter. Benjamin Edwards Inc.'s holdings in Chubb were worth $11,417,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CB. Berkshire Hathaway Inc increased its stake in shares of Chubb by 15.9% during the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider's stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the last quarter. State Street Corp boosted its holdings in shares of Chubb by 0.4% during the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider's stock worth $4,827,852,000 after buying an additional 68,553 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Chubb by 9.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider's stock worth $1,426,475,000 after buying an additional 427,512 shares during the period. Bank of America Corp DE boosted its holdings in shares of Chubb by 11.6% during the 2nd 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 during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Chubb by 75.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider's stock worth $785,468,000 after buying an additional 1,199,963 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Evercore upped their price objective on shares of Chubb from $347.00 to $349.00 and gave the stock an "outperform" rating in a report on Wednesday, April 22nd. Citizens Jmp upped their price objective on shares of Chubb from $350.00 to $365.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $373.00 to $374.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, April 20th. Finally, Roth Mkm upped their price objective on shares of Chubb from $330.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. Two 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $349.33.

Insider Transactions at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the firm's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares of the company's stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 11,810 shares of the company's stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 44,877 shares of company stock valued at $14,885,226. Company insiders own 0.37% of the company's stock.

Chubb Price Performance

Shares of Chubb stock opened at $326.39 on Monday. 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 Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The firm has a fifty day moving average price of $329.03 and a two-hundred day moving average price of $311.34. The company has a market cap of $126.59 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.67 and a beta of 0.43.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results 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 net margin of 18.58% and a return on equity of 14.30%. Analysts expect that Chubb Limited will post 26.74 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, March 13th. Chubb's dividend payout ratio (DPR) is presently 13.70%.

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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