Peak Planning Group LLC Acquires Shares of 1,695 Chubb Limited $CB

Peak Planning Group LLC acquired a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,695 shares of the financial services provider’s stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. CBIZ Investment Advisory Services LLC increased its position in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Chubb in the 3rd quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb in the 4th quarter valued at about $31,000. Ares Financial Consulting LLC acquired a new stake in Chubb in the 4th quarter valued at about $32,000. Finally, Cherry Tree Wealth Management LLC increased its position in Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of Chubb 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CB has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Chubb from $372.00 to $362.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Piper Sandler raised their price objective on shares of Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Wolfe Research raised their target price on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Citizens Jmp raised their target price 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. Two equities research 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 issued a Sell rating to the company. According to MarketBeat, Chubb presently has an average rating of “Moderate Buy” and an average target price of $349.10.

Chubb Stock Up 0.0%

Shares of NYSE CB opened at $328.06 on Friday. The firm has a market capitalization of $127.24 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.67 and a beta of 0.41. 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 Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm’s 50-day moving average is $324.93 and its 200-day moving average is $318.94.

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

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 13.70%.

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.