Smith Chas P & Associates PA Cpas Has $49.19 Million Stake in Chubb Limited $CB

Key Points

• Smith Chas P & Associates PA Cpas increased its Chubb stake by 65.4% in the fourth quarter, bringing holdings to 157,607 shares worth about $49.19 million. Chubb now makes up roughly 2.6% of the firm’s portfolio.
• Chubb reported Q1 earnings of $6.82 per share on revenue of $14.93 billion, with a return on equity of 14.30% and net margin of 18.58%. Analysts expect the company to earn 26.79 per share for the full fiscal year.
• Wall Street sentiment remains cautiously positive, with analysts assigning Chubb an average rating of “Moderate Buy” and a consensus price target of $349.90. The stock was last trading at $320.63, below that target.

Smith Chas P & Associates PA Cpas lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 65.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 157,607 shares of the financial services provider's stock after buying an additional 62,321 shares during the quarter. Chubb comprises approximately 2.6% of Smith Chas P & Associates PA Cpas' investment portfolio, making the stock its 13th largest holding. Smith Chas P & Associates PA Cpas' holdings in Chubb were worth $49,192,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Chubb during the 4th quarter worth approximately $1,272,000. King Luther Capital Management Corp grew its position in shares of Chubb by 4.9% during the 4th quarter. King Luther Capital Management Corp now owns 7,939 shares of the financial services provider's stock worth $2,478,000 after buying an additional 370 shares during the period. TrustBank acquired a new stake in shares of Chubb during the 4th quarter worth approximately $80,000. Roundview Capital LLC grew its position in shares of Chubb by 8.7% during the 4th quarter. Roundview Capital LLC now owns 8,352 shares of the financial services provider's stock worth $2,607,000 after buying an additional 667 shares during the period. Finally, Integrity Advisory Solutions LLC acquired a new stake in shares of Chubb during the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Performance

NYSE CB opened at $320.63 on Thursday. The company has a fifty day simple moving average of $326.20 and a 200 day simple moving average of $316.94. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market cap of $124.36 billion, a P/E ratio of 11.32, a PEG ratio of 1.66 and a beta of 0.43.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $14.93 billion for the quarter. Sell-side analysts predict that Chubb Limited will post 26.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of Chubb from $374.00 to $375.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 22nd. HSBC lifted their price target on shares of Chubb from $362.00 to $370.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. BMO Capital Markets lifted their price target on shares of Chubb from $326.00 to $339.00 and gave the company a "market perform" rating in a research report on Friday, April 24th. 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. Finally, The Goldman Sachs Group lifted their price target on shares of Chubb from $368.00 to $372.00 and gave the company a "buy" rating in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $349.90.

Chubb 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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