Citizens Financial Group Inc. RI Purchases 3,324 Shares of Chubb Limited $CB

Citizens Financial Group Inc. RI lifted its position in Chubb Limited (NYSE:CB) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,496 shares of the financial services provider’s stock after acquiring an additional 3,324 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Chubb were worth $16,129,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. XXEC Inc. acquired a new stake in shares of Chubb during the 2nd quarter valued at approximately $228,226,000. Berkshire Hathaway Inc acquired a new position in Chubb in the second quarter worth $11,670,067,000. BlackRock Inc. bought a new stake in Chubb during the second quarter valued at $9,913,336,000. GQG Partners LLC bought a new stake in Chubb during the second quarter valued at $4,250,113,000. Finally, Bank of America Corp DE raised its holdings in shares of Chubb by 3.1% during the first quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after purchasing an additional 147,876 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Key Stories Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s latest earnings call highlighted solid profits, strong underwriting performance and investment-float growth, supporting the view that the insurer’s core business remains healthy. Chubb Earnings Call Highlights
• Positive Sentiment: Goldman Sachs maintained its Buy rating, while Wells Fargo raised its price target to $366 and JPMorgan increased its target to $374, indicating some analysts still see additional upside. Wells Fargo Rating
• Positive Sentiment: One analysis argued that Chubb may remain inexpensive despite a roughly 105% run, with valuation supported by its earnings power and underwriting results. Chubb Valuation Analysis
• Neutral Sentiment: Wells Fargo kept an Equal Weight view, JPMorgan and Mizuho retained Neutral ratings, and Cantor Fitzgerald, Barclays and Deutsche Bank maintained Hold ratings. The broad analyst stance remains cautious rather than decisively bullish. Deutsche Bank Rating
• Negative Sentiment: Several revised targets remain close to the trading price: Mizuho’s $350 target implies downside, while the reported consensus target of $358.36 suggests limited near-term appreciation. This may be weighing on the stock after its strong advance. Chubb Consensus Price Target

Insider Activity

In other news, Director Michael Connors sold 5,500 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. The Goldman Sachs Group lifted their price target on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Piper Sandler boosted their price objective on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. HSBC reiterated a “hold” rating and set a $359.00 price objective on shares of Chubb in a research note on Wednesday, October 7th. Finally, UBS Group raised their target price on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $361.09.

Chubb Trading Down 2.4%

NYSE:CB opened at $355.16 on Friday. The firm has a market capitalization of $137.02 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.58 and a beta of 0.36. The business has a 50 day simple moving average of $341.68 and a 200 day simple moving average of $337.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.29. Chubb Limited has a 12-month low of $273.35 and a 12-month high of $365.91.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. During the same period in the prior year, the business earned $7.49 EPS. Equities research analysts predict that Chubb Limited will post 28.33 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s payout ratio is 14.28%.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.