Chubb Limited $CB Shares Acquired by National Pension Service

Key Points

• National Pension Service increased its Chubb stake by 24.4% in the fourth quarter, adding 225,515 shares to bring its total holdings to 1,148,474 shares worth about $358.5 million.
• Several other institutional investors also boosted their positions, and hedge funds/institutions now own 83.81% of Chubb, underscoring continued large-investor interest in the insurer.
• Wall Street remains cautious overall on the stock: analysts rate Chubb a Moderate Buy on average, with a consensus price target of $349.90, while the shares recently traded at $316.21 and were down 1.4% on the day.

National Pension Service grew its position in Chubb Limited (NYSE:CB - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,148,474 shares of the financial services provider's stock after acquiring an additional 225,515 shares during the period. National Pension Service owned about 0.29% of Chubb worth $358,462,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CB. Mycio Wealth Partners LLC raised its position in shares of Chubb by 5.8% during the 4th quarter. Mycio Wealth Partners LLC now owns 982,564 shares of the financial services provider's stock worth $306,678,000 after purchasing an additional 53,710 shares during the last quarter. Inspire Trust Co. N.A. raised its position in shares of Chubb by 3.1% during the 4th quarter. Inspire Trust Co. N.A. now owns 33,100 shares of the financial services provider's stock worth $10,331,000 after purchasing an additional 1,000 shares during the last quarter. Rothschild Investment LLC raised its position in shares of Chubb by 38.3% during the 4th quarter. Rothschild Investment LLC now owns 5,113 shares of the financial services provider's stock worth $1,596,000 after purchasing an additional 1,415 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Chubb by 9.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 35,355 shares of the financial services provider's stock worth $11,035,000 after purchasing an additional 3,160 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Chubb by 15.1% during the 4th quarter. Moors & Cabot Inc. now owns 13,842 shares of the financial services provider's stock worth $4,320,000 after purchasing an additional 1,817 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CB shares. Cantor Fitzgerald restated a "neutral" rating and set a $315.00 price target on shares of Chubb in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price target on shares of Chubb from $330.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday, April 20th. Bank of America reduced their price target on shares of Chubb from $286.00 to $271.00 and set an "underperform" rating for the company in a research report on Tuesday, April 14th. Jefferies Financial Group reduced their price target on shares of Chubb from $356.00 to $352.00 and set a "hold" rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group restated a "neutral" rating and set a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Two equities research 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $349.90.

Chubb Stock Down 1.4%

CB stock opened at $316.21 on Friday. The company has a market cap of $122.65 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.64 and a beta of 0.43. The company has a current ratio of 0.28, a quick 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 firm has a 50-day moving average of $325.91 and a two-hundred day moving average of $317.15.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company 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%. As a group, analysts forecast that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This 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. Insiders own 0.37% of the company's stock.

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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