1,695 Shares in Chubb Limited $CB Acquired by Peak Planning Group LLC

Peak Planning Group LLC acquired a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,695 shares of the financial services provider’s stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Berkshire Hathaway Inc lifted its stake in Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after buying an additional 4,299,111 shares in the last quarter. State Street Corp raised its holdings in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after acquiring an additional 68,553 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Chubb by 9.2% during the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock worth $1,426,475,000 after acquiring an additional 427,512 shares during the period. Bank of America Corp DE raised its holdings in shares of Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after acquiring an additional 513,852 shares during the period. Finally, Norges Bank acquired a new stake in shares of Chubb during the fourth quarter worth $1,081,190,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CB shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Mizuho dropped their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. The Goldman Sachs Group dropped their price objective on shares of Chubb from $372.00 to $362.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Barclays dropped their price objective on shares of Chubb from $375.00 to $368.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chubb has an average rating of “Moderate Buy” and an average target price of $349.10.

Chubb Stock Performance

Shares of CB stock opened at $328.06 on Friday. The company’s fifty day simple moving average is $324.93 and its 200-day simple moving average is $318.94. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a market cap of $127.24 billion, a PE ratio of 11.58, a P/E/G ratio of 1.67 and a beta of 0.41. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS 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%. Equities research analysts expect that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a $1.02 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 12th. Chubb’s payout ratio is presently 13.70%.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

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.