Principal Financial Group Inc. Has $408.50 Million Stock Position in Chubb Limited $CB

Key Points

• Principal Financial Group increased its stake in Chubb by 6.8%, acquiring an additional 82,790 shares to hold 1,308,788 shares worth about $408.5 million (≈0.33% of the company).
• Insiders have been net sellers recently: CEO Evan G. Greenberg sold 15,060 shares for roughly $4.99 million, and insiders sold a total of 44,877 shares (~$14.9 million) in the past three months, leaving insiders with about 0.37% ownership.
• Recent results show Chubb reported $6.82 EPS and $14.93 billion in revenue for the quarter, declared a $0.97 quarterly dividend (1.2% yield), and carries a MarketBeat consensus rating of “Moderate Buy” with a $349.33 target price.

Principal Financial Group Inc. raised its position in Chubb Limited (NYSE:CB - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,308,788 shares of the financial services provider's stock after acquiring an additional 82,790 shares during the period. Principal Financial Group Inc. owned about 0.33% of Chubb worth $408,499,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its holdings in Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 56 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Chubb in the 3rd quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new position in Chubb in the 4th quarter valued at approximately $31,000. Ares Financial Consulting LLC acquired a new position in Chubb in the 4th quarter valued at approximately $32,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,877 shares of company stock worth $14,885,226 in the last three months. Insiders own 0.37% of the company's stock.

Chubb Stock Down 0.4%

NYSE CB opened at $324.97 on Tuesday. The firm has a market cap of $126.04 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.43. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The stock's 50 day simple moving average is $329.03 and its 200 day simple moving average is $311.34. 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 EPS for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, sell-side analysts forecast that Chubb Limited will post 26.74 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on CB. HSBC upped their price objective on Chubb from $362.00 to $370.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. upped their price objective on Chubb from $330.00 to $340.00 and gave the company a "neutral" rating in a research note on Monday, April 20th. 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. Weiss Ratings upgraded Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, April 27th. Finally, Barclays upped their price objective on Chubb from $374.00 to $375.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $349.33.

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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