National Pension Service Boosts Holdings in Chubb Limited $CB

National Pension Service grew its position in Chubb Limited (NYSE:CB) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,148,474 shares of the financial services provider’s stock after buying an additional 225,515 shares during the period. National Pension Service’s holdings in Chubb were worth $358,462,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Mycio Wealth Partners LLC grew its stake in shares of Chubb by 5.8% in the 4th quarter. Mycio Wealth Partners LLC now owns 982,564 shares of the financial services provider’s stock valued at $306,678,000 after buying an additional 53,710 shares during the period. Inspire Trust Co. N.A. grew its stake in shares of Chubb by 3.1% in the 4th quarter. Inspire Trust Co. N.A. now owns 33,100 shares of the financial services provider’s stock valued at $10,331,000 after buying an additional 1,000 shares during the period. Rothschild Investment LLC grew its stake in shares of Chubb by 38.3% in the 4th quarter. Rothschild Investment LLC now owns 5,113 shares of the financial services provider’s stock valued at $1,596,000 after buying an additional 1,415 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Chubb by 9.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 35,355 shares of the financial services provider’s stock valued at $11,035,000 after buying an additional 3,160 shares during the period. Finally, Moors & Cabot Inc. grew its stake in shares of Chubb by 15.1% in the 4th quarter. Moors & Cabot Inc. now owns 13,842 shares of the financial services provider’s stock valued at $4,320,000 after buying an additional 1,817 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CB shares. Citigroup increased their price target on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Citizens Jmp increased their price target 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. Evercore increased their price target on shares of Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. increased their price target on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, Piper Sandler increased their price target on shares of Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $349.90.

Insider Buying and Selling at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The transaction 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 Stock Performance

NYSE:CB opened at $316.21 on Friday. 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 stock has a market capitalization of $122.65 billion, a P/E ratio of 11.17, a PEG ratio of 1.64 and a beta of 0.43. The company has a 50 day moving average price of $325.91 and a 200 day moving average price of $317.15. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The firm 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%. Equities research analysts forecast that Chubb Limited will post 26.8 EPS for the current year.

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.