Strs Ohio Sells 13,407 Shares of Chubb Limited $CB

Key Points

• Strs Ohio trimmed its stake in Chubb by 5.7% in Q4, selling 13,407 shares and leaving it with 223,825 shares (about 0.06% of the company) valued at $69.86 million.
• Large institutions continue to move into Chubb — notably Berkshire Hathaway now owns 31.33 million shares after a 15.9% increase — and institutional ownership totals 83.81%.
• Chubb reported quarterly EPS of $6.82 on $14.93 billion in revenue, has a market cap of $127.36 billion and a quarterly dividend of $0.97 (annualized $3.88, yield 1.2%), and analysts give an average rating of Moderate Buy with a $349.33 price target.

Strs Ohio reduced its position in shares of Chubb Limited (NYSE:CB - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 223,825 shares of the financial services provider's stock after selling 13,407 shares during the quarter. Strs Ohio owned 0.06% of Chubb worth $69,860,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Berkshire Hathaway Inc grew 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 valued at $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. State Street Corp grew its stake 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 valued at $4,827,852,000 after purchasing an additional 68,553 shares during the period. Ameriprise Financial Inc. grew its stake 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 valued at $1,426,475,000 after purchasing an additional 427,512 shares during the period. Bank of America Corp DE grew its stake 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 valued at $1,428,278,000 after purchasing an additional 513,852 shares during the period. Finally, AQR Capital Management LLC grew its stake 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 valued at $785,468,000 after purchasing an additional 1,199,963 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.2%

Chubb stock opened at $326.39 on Friday. The firm has a 50 day moving average of $329.03 and a 200 day moving average of $310.95. The company has a current ratio of 0.28, a quick ratio of 0.27 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 market capitalization of $127.36 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 1.68 and a beta of 0.49.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. As a group, research analysts predict that Chubb Limited will post 26.69 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CB shares. Jefferies Financial Group lowered their price objective on Chubb from $356.00 to $352.00 and set a "hold" rating on the stock in a research report on Thursday, April 23rd. HSBC increased their target price on shares of Chubb from $362.00 to $370.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Wells Fargo & Company increased their target price on shares of Chubb from $321.00 to $333.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Piper Sandler increased their target price on shares of Chubb from $319.00 to $328.00 and gave the stock a "neutral" rating in a report on Wednesday, April 22nd. Finally, Evercore increased their target price on shares of Chubb from $347.00 to $349.00 and gave the stock an "outperform" rating in a report on Wednesday, April 22nd. 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 issued 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.

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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