AlphaCore Capital LLC Boosts Holdings in Chubb Limited $CB

AlphaCore Capital LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 458.3% in the fourth quarter, HoldingsChannel reports. The fund owned 17,721 shares of the financial services provider’s stock after purchasing an additional 14,547 shares during the quarter. AlphaCore Capital LLC’s holdings in Chubb were worth $5,548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Berkshire Hathaway Inc lifted its position in Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after acquiring an additional 4,299,111 shares during the last quarter. State Street Corp increased its stake in Chubb by 0.4% during the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after purchasing an additional 68,553 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Chubb by 9.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock valued at $1,426,475,000 after purchasing an additional 427,512 shares in the last quarter. Bank of America Corp DE increased its stake in Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Chubb by 75.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after purchasing an additional 1,199,963 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. Evercore upped 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. Citizens Jmp upped 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. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. UBS Group restated a “neutral” rating and set a $340.00 price target on shares of Chubb in a research note on Monday, February 9th. Finally, The Goldman Sachs Group upped their price target on shares of Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Two investment 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 given a Sell rating to the company. According to MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average price target of $349.33.

Insider Buying and Selling at Chubb

In other news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by insiders.

Chubb Stock Up 1.3%

NYSE:CB opened at $324.20 on Friday. The firm has a market capitalization of $125.74 billion, a P/E ratio of 11.45, a PEG ratio of 1.66 and a beta of 0.43. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company’s fifty day moving average price is $326.19 and its 200-day moving average price is $314.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released 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 for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, equities research analysts anticipate that Chubb Limited will post 26.78 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were paid a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 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.