Ally Financial Inc. Has $3.12 Million Stock Position in Chubb Limited $CB

Ally Financial Inc. grew its position in Chubb Limited (NYSE:CB) by 66.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,000 shares of the financial services provider’s stock after purchasing an additional 4,000 shares during the period. Ally Financial Inc.’s holdings in Chubb were worth $3,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cherry Tree Wealth Management LLC increased its stake in shares of Chubb by 38.3% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after buying an additional 31 shares during the period. Phillips Wealth Planners LLC boosted its position in shares of Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 31 shares during the last quarter. Hoxton Planning & Management LLC boosted its position in shares of Chubb by 4.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 31 shares during the last quarter. Kathmere Capital Management LLC boosted its position in shares of Chubb by 2.7% in the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 34 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its position in shares of Chubb by 0.7% in the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after purchasing an additional 34 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Evercore raised their price target on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their price target on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group reduced their price target on Chubb from $372.00 to $362.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.10.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company’s stock.

Chubb Stock Performance

CB stock opened at $328.06 on Friday. The business’s 50-day moving average price is $324.93 and its two-hundred day moving average price is $318.94. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a market cap of $127.24 billion, a PE ratio of 11.58, a P/E/G ratio of 1.68 and a beta of 0.41. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67.

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

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be issued a dividend of $1.02 per share. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 12th. Chubb’s dividend 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.