Bleakley Financial Group LLC Takes Position in Chubb Limited $CB

Bleakley Financial Group LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,120 shares of the financial services provider’s stock, valued at approximately $3,471,000.

A number of other institutional investors and hedge funds have also modified their holdings of CB. Kathmere Capital Management LLC grew its position in Chubb by 2.7% in the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 34 shares during the period. Wright Investors Service Inc. grew its position in Chubb by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock valued at $1,538,000 after acquiring an additional 34 shares during the period. G&S Capital LLC grew its position in Chubb by 1.5% in the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 34 shares during the period. Golden State Wealth Management LLC grew its position in Chubb by 7.4% in the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 36 shares during the period. Finally, Phoenix Wealth Advisors grew its position in Chubb by 0.4% in the fourth quarter. Phoenix Wealth Advisors now owns 8,467 shares of the financial services provider’s stock valued at $2,643,000 after acquiring an additional 36 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

Chubb stock opened at $320.63 on Thursday. 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 cap of $124.36 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.66 and a beta of 0.43. The business’s fifty day moving average is $326.20 and its two-hundred day moving average is $316.94. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. Equities research analysts forecast that Chubb Limited will post 26.79 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on CB shares. Evercore upped their price target on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Raymond James Financial upped their price target on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research report on Monday, February 9th. Piper Sandler upped their price target on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group reiterated a “neutral” rating and issued a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Finally, Barclays upped their price target on Chubb from $374.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Two equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average target price of $349.90.

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.