Chubb Limited $CB Shares Purchased by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. boosted its holdings in Chubb Limited (NYSE:CB) by 162.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,820 shares of the financial services provider’s stock after buying an additional 14,120 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Chubb were worth $7,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kathmere Capital Management LLC boosted its holdings in Chubb by 2.7% in the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 34 shares in the last quarter. Wright Investors Service Inc. lifted its stake in Chubb by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 34 shares during the last quarter. G&S Capital LLC lifted its stake in Chubb by 1.5% in the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $709,000 after buying an additional 34 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Chubb by 7.4% in the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after buying an additional 36 shares during the last quarter. Finally, Phoenix Wealth Advisors lifted its stake in Chubb by 0.4% in the fourth quarter. Phoenix Wealth Advisors now owns 8,467 shares of the financial services provider’s stock valued at $2,643,000 after buying an additional 36 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CB shares. Morgan Stanley set a $350.00 price objective on Chubb in a research note on Friday, January 16th. Citizens Jmp boosted their price objective on Chubb from $350.00 to $365.00 and gave the company a “market 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 company an “outperform” rating in a research note on Monday, April 6th. Piper Sandler boosted their price objective on Chubb from $319.00 to $328.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $349.33.

Chubb Price Performance

Chubb stock opened at $324.20 on Friday. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day simple moving average of $326.19 and a 200-day simple moving average of $314.01. The stock has a market capitalization of $125.74 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.64 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 business had revenue of $14.93 billion during the quarter. Equities analysts predict that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were given a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is presently 13.70%.

Insider Transactions at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on 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 transaction, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.37% of the company’s stock.

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.