Barclays PLC Has $351.65 Million Position in Chubb Limited $CB

Barclays PLC reduced its position in shares of Chubb Limited (NYSE:CB) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,245,873 shares of the financial services provider’s stock after selling 19,731 shares during the quarter. Barclays PLC’s holdings in Chubb were worth $351,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. Crossmark Global Holdings Inc. increased its position in Chubb by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 34,935 shares of the financial services provider’s stock valued at $9,861,000 after acquiring an additional 1,929 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of Chubb by 29.3% in the third quarter. Orion Porfolio Solutions LLC now owns 62,024 shares of the financial services provider’s stock worth $17,506,000 after purchasing an additional 14,058 shares during the last quarter. Integrated Quantitative Investments LLC increased its holdings in Chubb by 49.3% in the third quarter. Integrated Quantitative Investments LLC now owns 3,914 shares of the financial services provider’s stock valued at $1,105,000 after purchasing an additional 1,293 shares during the period. KCM Investment Advisors LLC raised its position in Chubb by 0.7% during the 3rd quarter. KCM Investment Advisors LLC now owns 16,973 shares of the financial services provider’s stock worth $4,791,000 after purchasing an additional 114 shares during the last quarter. Finally, Advisory Alpha LLC lifted its holdings in Chubb by 14.1% during the 3rd quarter. Advisory Alpha LLC now owns 1,805 shares of the financial services provider’s stock worth $508,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of a number of analyst reports. Piper Sandler raised their price objective on Chubb from $283.00 to $319.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Wolfe Research raised their price target on shares of Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. HSBC lifted their target price on shares of Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald increased their price target on Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $340.81.

Chubb Price Performance

Shares of NYSE CB opened at $327.86 on Friday. The company has a market capitalization of $127.92 billion, a PE ratio of 12.74, a PEG ratio of 2.08 and a beta of 0.46. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $318.20 and its 200-day moving average price is $297.67. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $6.02 earnings per share. On average, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

Insider Activity

In other news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is owned by company insiders.

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.