Smith Chas P & Associates PA Cpas Buys 62,321 Shares of Chubb Limited $CB

Smith Chas P & Associates PA Cpas raised its stake in shares of Chubb Limited (NYSE:CB) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,607 shares of the financial services provider’s stock after acquiring an additional 62,321 shares during the period. Chubb comprises approximately 2.6% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 13th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Chubb were worth $49,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of CB. Spire Wealth Management raised its stake in shares of Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after purchasing an additional 7,156 shares during the period. Chesley Taft & Associates LLC raised its stake in shares of Chubb by 7.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after purchasing an additional 7,043 shares during the period. Pallas Capital Advisors LLC raised its stake in shares of Chubb by 42.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after purchasing an additional 4,233 shares during the period. waypoint wealth counsel raised its stake in shares of Chubb by 76.4% during the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 1,784 shares during the period. Finally, Caprock Group LLC bought a new stake in shares of Chubb during the 3rd quarter worth $3,123,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 1.5%

Shares of Chubb stock opened at $320.63 on Thursday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The stock’s 50-day simple moving average is $326.20 and its 200 day simple moving average is $316.94. The stock has a market capitalization of $124.36 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.66 and a beta of 0.43. 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 (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (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 for the quarter. As a group, research analysts anticipate that Chubb Limited will post 26.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. BMO Capital Markets lifted their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Roth Mkm lifted their target price on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.90.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the business’s 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 sale, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

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.