Geode Capital Management LLC Has $2.77 Billion Stock Holdings in Chubb Limited $CB

Geode Capital Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 0.3% in the 4th quarter, HoldingsChannel reports. The firm owned 8,884,175 shares of the financial services provider’s stock after selling 25,769 shares during the period. Geode Capital Management LLC’s holdings in Chubb were worth $2,765,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Berkshire Hathaway Inc lifted its holdings in shares of Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after buying an additional 4,299,111 shares in the last quarter. State Street Corp lifted its holdings in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after buying an additional 68,553 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Chubb by 9.2% during the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock worth $1,426,475,000 after buying an additional 427,512 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after buying an additional 513,852 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after buying an additional 1,199,963 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. HSBC lifted their target price on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Roth Mkm lifted their target price on Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Raymond James Financial lifted their target price on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Finally, Wolfe Research lifted their target price on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of “Moderate Buy” and a consensus target price of $349.90.

Insider Buying and Selling

In related news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is currently owned by company insiders.

Chubb Stock Down 1.5%

CB stock opened at $320.63 on Thursday. The company has a market cap of $124.36 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.43. The business has a 50-day simple moving average of $326.20 and a 200 day simple moving average of $316.94. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The business had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Sell-side analysts anticipate that Chubb Limited will post 26.79 EPS for the current fiscal year.

About Chubb

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.