Chubb Limited $CB Holdings Raised by CIBC Asset Management Inc

CIBC Asset Management Inc grew its position in Chubb Limited (NYSE:CB) by 41.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,379 shares of the financial services provider’s stock after acquiring an additional 35,259 shares during the quarter. CIBC Asset Management Inc’s holdings in Chubb were worth $37,573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake 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 bought a new position in Chubb during the 4th quarter worth $205,000. Woodline Partners LP grew its stake in Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after buying an additional 175 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after buying an additional 17,155 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the firm’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 transaction, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CB shares. UBS Group restated a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Piper Sandler upped their price objective on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Jefferies Financial Group lowered their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Citizens Jmp upped their price objective on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. Finally, Evercore increased their price target on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $349.90.

Chubb Trading Up 0.2%

Shares of CB stock opened at $313.03 on Thursday. The stock has a 50-day simple moving average of $324.83 and a 200 day simple moving average of $317.68. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock has a market capitalization of $121.41 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.59 and a beta of 0.41. 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 announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion during the quarter. On average, sell-side analysts expect that Chubb Limited will post 26.8 earnings per share for the current fiscal 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.