Keybank National Association OH Increases Stock Holdings in Chubb Limited $CB

Keybank National Association OH increased its position in Chubb Limited (NYSE:CB) by 4.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,802 shares of the financial services provider’s stock after acquiring an additional 1,438 shares during the quarter. Keybank National Association OH’s holdings in Chubb were worth $11,017,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Berkshire Hathaway Inc boosted its holdings in Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares during the period. State Street Corp raised its position in shares of Chubb by 0.4% in 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 buying an additional 68,553 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying an additional 3,049,987 shares during the period. GQG Partners LLC boosted its stake in Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after buying an additional 1,647,729 shares during the period. Finally, Ameriprise Financial Inc. grew its position in 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 buying an additional 427,512 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CB shares. Evercore upped their target price on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Wolfe Research boosted their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Cantor Fitzgerald reissued a “neutral” rating and set a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Piper Sandler upped their price objective on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, Citizens Jmp raised their target price on shares of Chubb from $350.00 to $365.00 and gave the company a “market 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 issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chubb has an average rating of “Moderate Buy” and an average price target of $350.24.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.37% of the company’s stock.

Chubb Price Performance

CB opened at $360.89 on Friday. The stock has a 50-day moving average price of $327.40 and a 200-day moving average price of $323.05. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $361.33. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $139.98 billion, a P/E ratio of 12.74, a PEG ratio of 1.85 and a beta of 0.40.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The company had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Equities analysts predict that Chubb Limited will post 26.77 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $1.02 per share. The ex-dividend date was Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is 14.41%.

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.