Chubb Limited $CB Shares Bought by Cooke & Bieler LP

Cooke & Bieler LP boosted its holdings in shares of Chubb Limited (NYSE:CB) by 21.3% during the third quarter, HoldingsChannel.com reports. The firm owned 606,011 shares of the financial services provider’s stock after purchasing an additional 106,237 shares during the period. Chubb makes up approximately 1.8% of Cooke & Bieler LP’s holdings, making the stock its 13th largest holding. Cooke & Bieler LP’s holdings in Chubb were worth $171,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Harbor Capital Advisors Inc. lifted its position in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in Chubb during the second quarter worth $32,000. Heartwood Wealth Advisors LLC purchased a new position in Chubb during the third quarter valued at $34,000. Finally, Financial Consulate Inc. purchased a new position in Chubb during the third quarter valued at $37,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Cantor Fitzgerald upped their price target on shares of Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Citizens Jmp increased their target price on Chubb from $325.00 to $350.00 and gave the company a “market outperform” rating in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Evercore ISI reiterated an “outperform” rating and set a $346.00 price target on shares of Chubb in a research report on Wednesday, January 7th. Finally, Morgan Stanley set a $350.00 price objective on Chubb in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given 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 company has a consensus rating of “Moderate Buy” and an average target price of $323.81.

Insider Activity

In other Chubb news, EVP Timothy Alan Boroughs sold 10,580 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the transaction, the executive vice president directly owned 12,660 shares in the company, valued at $3,749,512.20. The trade was a 45.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 33,635 shares of company stock valued at $9,970,735. 0.86% of the stock is currently owned by insiders.

Chubb Price Performance

NYSE:CB opened at $300.93 on Monday. Chubb Limited has a one year low of $263.14 and a one year high of $316.94. The stock has a market cap of $118.43 billion, a PE ratio of 12.56, a P/E/G ratio of 3.26 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a 50 day moving average price of $303.93 and a 200 day moving average price of $286.64.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Chubb’s payout ratio is currently 16.19%.

Chubb 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.