Gabelli Funds LLC Has $3.73 Million Stake in Chubb Limited $CB

Gabelli Funds LLC trimmed its stake in Chubb Limited (NYSE:CB) by 13.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,944 shares of the financial services provider’s stock after selling 1,856 shares during the period. Gabelli Funds LLC’s holdings in Chubb were worth $3,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. KERR FINANCIAL PLANNING Corp bought a new position in Chubb during the third quarter valued at about $31,000. Laurel Wealth Advisors LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $31,000. Ares Financial Consulting LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $32,000. Cornerstone Planning Group LLC lifted its position in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the period. Finally, GoalVest Advisory LLC bought a new stake in shares of Chubb in the 4th quarter worth approximately $40,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CB. Deutsche Bank Aktiengesellschaft raised their price objective on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Barclays raised their price objective on Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group raised their price objective on Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Citigroup raised their price objective on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, BMO Capital Markets upped their target price on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Insiders Place Their Bets

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.37% of the stock is currently owned by insiders.

Chubb Stock Performance

NYSE CB opened at $330.08 on Friday. The stock has a market cap of $128.03 billion, a P/E ratio of 11.66, a PEG ratio of 1.68 and a beta of 0.43. The company’s 50-day simple moving average is $326.38 and its 200 day simple moving average is $315.73. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, research analysts forecast that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is presently 13.70%.

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.