Chubb Limited $CB Shares Bought by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. grew its stake in Chubb Limited (NYSE:CB) by 21.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,999 shares of the financial services provider’s stock after purchasing an additional 1,740 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Chubb were worth $2,822,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CB. Brighton Jones LLC lifted its holdings in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after buying an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb during the 4th quarter valued at approximately $205,000. Woodline Partners LP lifted its stake in Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares during the period. Finally, Brookstone Capital Management boosted its holdings in Chubb by 60.6% in the second quarter. Brookstone Capital Management now owns 2,160 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 815 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were 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 approximately $3,920,683.80. This represents a 70.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on CB. Wells Fargo & Company increased their target price on shares of Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Citigroup increased their price objective on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Keefe, Bruyette & Woods lifted their target price on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Piper Sandler upped their target price on Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Raymond James Financial raised their price target on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $340.81.

Chubb Stock Up 0.5%

Shares of Chubb stock opened at $333.27 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $335.60. The business’s fifty day moving average price is $313.88 and its two-hundred day moving average price is $294.01. The company has a market capitalization of $131.16 billion, a P/E ratio of 12.95, a PEG ratio of 2.11 and a beta of 0.49.

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

About Chubb

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.