MV Capital Management Inc. Acquires Shares of 11,665 Chubb Limited $CB

MV Capital Management Inc. acquired a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, Holdings Channel reports. The firm acquired 11,665 shares of the financial services provider’s stock, valued at approximately $3,641,000.

A number of other institutional investors also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC grew its position in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Chubb in the third quarter valued at $31,000. Laurel Wealth Advisors LLC bought a new position in Chubb during the 4th quarter valued at $31,000. Ares Financial Consulting LLC bought a new position in Chubb during the 4th quarter valued at $32,000. Finally, Cherry Tree Wealth Management LLC grew its holdings in 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 acquiring an additional 31 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. Citizens Jmp boosted their target price on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler lifted their price target on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, June 12th. The Goldman Sachs Group lowered their price objective on Chubb from $372.00 to $362.00 and set a “buy” rating for the company in a report on Monday, June 8th. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $349.10.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

Chubb Price Performance

CB opened at $323.88 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $324.87 and its 200 day moving average price is $319.94. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The firm has a market cap of $125.62 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.68 and a beta of 0.41.

Chubb (NYSE:CB) last issued its 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 company had revenue of $14.93 billion during the quarter. As a group, sell-side analysts expect that Chubb Limited will post 26.8 earnings per share for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a $1.02 dividend. The ex-dividend date is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 14.41%.

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.