Chubb Limited $CB Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its position in shares of Chubb Limited (NYSE:CB) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 231,747 shares of the financial services provider’s stock after selling 4,527 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Chubb were worth $72,333,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CB. Spire Wealth Management increased its stake in Chubb by 490.5% in the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after buying an additional 7,156 shares during the period. Chesley Taft & Associates LLC boosted its stake in shares of Chubb by 7.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock valued at $31,970,000 after buying an additional 7,043 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of Chubb by 42.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after acquiring an additional 4,233 shares in the last quarter. waypoint wealth counsel grew its holdings in shares of Chubb by 76.4% during the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after acquiring an additional 1,784 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Chubb during the 3rd quarter valued at $3,123,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CB. BMO Capital Markets increased their price objective on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Piper Sandler upped their target price on Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Citigroup raised their price target on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Evercore lifted their price target on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, HSBC increased their price objective on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $349.90.

Chubb Trading Up 0.2%

Chubb stock opened at $326.82 on Monday. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $126.76 billion, a PE ratio of 11.54, a PEG ratio of 1.67 and a beta of 0.41. The business’s 50-day simple moving average is $324.69 and its 200-day simple moving average is $318.03.

Chubb (NYSE:CB) last announced its earnings results 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 during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Equities research analysts forecast that Chubb Limited will post 26.8 earnings per share for the current year.

Insider Activity at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. This represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

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.