Huntington National Bank Has $125.97 Million Stake in Chubb Limited $CB

Huntington National Bank grew its holdings in Chubb Limited (NYSE:CB) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 403,604 shares of the financial services provider’s stock after purchasing an additional 5,253 shares during the period. Huntington National Bank owned about 0.10% of Chubb worth $125,973,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CB. CBIZ Investment Advisory Services LLC increased its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Chubb in the 3rd quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb in the 4th quarter valued at about $31,000. Ares Financial Consulting LLC acquired a new position in shares of Chubb in the 4th quarter valued at about $32,000. Finally, Cornerstone Planning Group LLC increased its holdings in Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, 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 completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Chubb Stock Down 1.5%

Shares of Chubb stock opened at $320.63 on Thursday. The stock has a market capitalization of $124.36 billion, a P/E ratio of 11.32, a PEG ratio of 1.66 and a beta of 0.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $326.20 and a two-hundred day moving average price of $316.94. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Equities analysts expect that Chubb Limited will post 26.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CB. Piper Sandler increased their price objective on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho dropped their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. HSBC increased their price objective on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Roth Mkm increased their price objective on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Moderate Buy” and an average target price 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.