Cvfg LLC Purchases Shares of 22,477 Chubb Limited $CB

Cvfg LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,477 shares of the financial services provider’s stock, valued at approximately $7,326,000. Chubb comprises approximately 0.9% of Cvfg LLC’s portfolio, making the stock its 27th biggest holding.

Several other large investors have also modified their holdings of CB. CBIZ Investment Advisory Services LLC grew its holdings in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb in the 1st quarter valued at $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb in the 4th quarter valued at $31,000. Ares Financial Consulting LLC purchased a new stake in shares of Chubb during the 4th quarter valued at $32,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb during the 3rd quarter valued at $31,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CB has been the topic of several research reports. Barclays set a $387.00 target price on Chubb in a research report on Tuesday. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Mizuho reduced their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wolfe Research boosted 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. Finally, Morgan Stanley raised their price target on shares of Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $350.81.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the 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 transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by corporate insiders.

Chubb Stock Up 0.7%

Shares of Chubb stock opened at $358.96 on Wednesday. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $365.29. The company has a market capitalization of $139.23 billion, a PE ratio of 12.68, a P/E/G ratio of 1.82 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $328.53 and a 200-day moving average of $323.77.

Chubb (NYSE:CB) last issued its quarterly earnings data 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 firm had revenue of $14.93 billion during the quarter. As a group, equities analysts forecast that Chubb Limited will post 26.77 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, June 12th. Chubb’s payout ratio is presently 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.