Texas Capital Bank Wealth Management Services Inc Invests $1.27 Million in Chubb Limited $CB

Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,076 shares of the financial services provider’s stock, valued at approximately $1,272,000.

Other institutional investors also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its position in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb during the third quarter valued at about $31,000. Laurel Wealth Advisors LLC bought a new stake in Chubb during the fourth quarter valued at about $31,000. Ares Financial Consulting LLC bought a new stake in Chubb during the fourth quarter valued at about $32,000. Finally, Cornerstone Planning Group LLC boosted its position in Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CB. Bank of America dropped their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Wolfe Research raised their price objective on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Barclays raised their price objective on Chubb from $374.00 to $375.00 and gave the company 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 company a “buy” rating in a research report on Tuesday, April 7th. Finally, BMO Capital Markets raised their price objective on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $349.90.

Chubb Trading Down 1.5%

Chubb stock opened at $320.63 on Thursday. The stock has a 50-day moving average of $326.20 and a two-hundred day moving average of $316.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The stock has a market cap of $124.36 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.43.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion during the quarter. On average, research analysts anticipate that Chubb Limited will post 26.79 EPS for the current fiscal year.

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.