Chubb Limited $CB Stock Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 25.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 53,862 shares of the financial services provider’s stock after purchasing an additional 10,818 shares during the quarter. Vise Technologies Inc.’s holdings in Chubb were worth $17,519,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. XXEC Inc. bought a new position in Chubb during the 2nd quarter worth approximately $228,226,000. Berkshire Hathaway Inc acquired a new position in shares of Chubb in the second quarter worth $11,670,067,000. BlackRock Inc. acquired a new stake in shares of Chubb in the second quarter worth about $9,913,336,000. GQG Partners LLC acquired a new position in Chubb during the 2nd quarter worth $4,250,113,000. Finally, Bank of America Corp DE raised its holdings in Chubb by 3.1% in the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock valued at $1,599,868,000 after acquiring an additional 147,876 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Chubb from $371.00 to $374.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. TD Cowen boosted their price target on shares of Chubb from $360.00 to $379.00 and gave the company a “hold” rating in a report on Wednesday. HSBC reaffirmed a “hold” rating and set a $359.00 price objective on shares of Chubb in a research report on Wednesday, October 7th. Mizuho increased their price target on Chubb from $336.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Finally, Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $362.78.

Insider Activity

In related news, Director Michael Connors sold 5,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Boroughs sold 13,596 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the transaction, the executive vice president directly owned 5,588 shares in the company, valued at $1,993,630.76. The trade was a 70.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Up 0.5%

Shares of NYSE CB opened at $364.12 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $139.12 billion, a PE ratio of 12.74, a P/E/G ratio of 1.69 and a beta of 0.36. The company’s fifty day simple moving average is $343.33 and its 200 day simple moving average is $333.76. Chubb Limited has a 12-month low of $273.35 and a 12-month high of $369.00.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.89. The firm had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same quarter in the prior year, the business earned $7.49 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 28.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Chubb 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.