Chubb Limited $CB Shares Purchased by XXEC Inc.

XXEC Inc. increased its position in shares of Chubb Limited (NYSE:CB) by 43.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,748 shares of the financial services provider’s stock after buying an additional 2,976 shares during the quarter. Chubb comprises 2.4% of XXEC Inc.’s investment portfolio, making the stock its 17th biggest holding. XXEC Inc.’s holdings in Chubb were worth $2,751,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc grew its position in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares during the last quarter. Norges Bank acquired a new position in shares of Chubb in the 2nd quarter valued at $1,195,137,000. AQR Capital Management LLC raised its position in Chubb by 75.1% in 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 last quarter. Woodline Partners LP acquired a new stake in Chubb during the 3rd quarter worth $220,217,000. Finally, Amundi boosted its stake in Chubb by 55.4% during the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after purchasing an additional 693,740 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Jefferies Financial Group increased their target price on shares of Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. HSBC raised their price target on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Wolfe Research boosted their price target on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Barclays upped their price objective on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $340.81.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.3%

Shares of Chubb stock opened at $330.97 on Wednesday. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The company has a market cap of $129.13 billion, a P/E ratio of 12.86, a PEG ratio of 2.07 and a beta of 0.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a fifty day moving average of $320.28 and a two-hundred day moving average of $300.56.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the previous year, the firm earned $6.02 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is currently 15.08%.

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.