Waddell & Associates LLC Has $1.55 Million Stock Position in Chubb Limited $CB

Waddell & Associates LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 129.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,975 shares of the financial services provider’s stock after purchasing an additional 2,805 shares during the quarter. Waddell & Associates LLC’s holdings in Chubb were worth $1,553,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CB. CBIZ Investment Advisory Services LLC grew its holdings 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 worth $26,000 after purchasing an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter worth $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the 4th quarter worth $31,000. Ares Financial Consulting LLC acquired a new stake in shares of Chubb during the 4th quarter worth $32,000. Finally, Cherry Tree Wealth Management LLC grew its holdings in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on CB shares. Deutsche Bank Aktiengesellschaft increased their target price on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Wells Fargo & Company raised their price objective on Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. BMO Capital Markets increased their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Citigroup raised their price objective on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Mizuho reduced their price objective on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and a consensus price target of $349.43.

Chubb Stock Down 1.2%

Chubb stock opened at $322.22 on Tuesday. The firm has a market capitalization of $124.98 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.67 and a beta of 0.41. The firm has a 50 day simple moving average of $324.65 and a 200 day simple moving average of $318.21. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion during the quarter. On average, analysts predict that Chubb Limited will post 26.8 earnings per share for the current year.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction 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 transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate 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.