Chubb Limited $CB Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Chubb Limited (NYSE:CB) by 0.3% during the 1st quarter, HoldingsChannel reports. The fund owned 1,313,022 shares of the financial services provider’s stock after acquiring an additional 4,234 shares during the quarter. Principal Financial Group Inc.’s holdings in Chubb were worth $427,953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in shares of Chubb in the first quarter worth $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Chubb in the third quarter worth $31,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb in the fourth quarter valued at $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in Chubb in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.

Chubb Trading Up 1.9%

Chubb stock opened at $354.46 on Tuesday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.29. The firm’s 50-day moving average is $330.45 and its 200-day moving average is $324.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $137.48 billion, a P/E ratio of 12.52, a PEG ratio of 1.78 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 business had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. On average, equities analysts expect that Chubb Limited will post 26.76 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s dividend payout ratio is currently 14.41%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CB shares. Jefferies Financial Group dropped their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley lifted their price target on Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Bank of America lowered their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Citizens Jmp upped their price objective on Chubb from $365.00 to $400.00 and gave the company a “market outperform” rating in a research note on Friday. Finally, HSBC downgraded Chubb from a “buy” rating to a “hold” rating and increased their target price for the stock from $370.00 to $373.00 in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $358.81.

Chubb Company 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.