Bearing Point Capital LLC Has $7.36 Million Holdings in Chubb Limited $CB

Bearing Point Capital LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 12.2% in the 4th quarter, HoldingsChannel reports. The fund owned 23,565 shares of the financial services provider’s stock after purchasing an additional 2,564 shares during the quarter. Bearing Point Capital LLC’s holdings in Chubb were worth $7,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CB. Berkshire Hathaway Inc lifted its position in Chubb by 15.9% during the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares during the last quarter. Norges Bank acquired a new stake in Chubb during the fourth quarter worth approximately $1,081,190,000. AQR Capital Management LLC lifted its position in Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after acquiring an additional 1,199,963 shares during the last quarter. Woodline Partners LP acquired a new stake in Chubb during the third quarter worth approximately $220,217,000. Finally, Amundi lifted its position in Chubb by 55.4% during the third quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after acquiring an additional 693,740 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction that occurred 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. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This 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 owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CB. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Bank of America cut their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. The Goldman Sachs Group raised their price objective on shares of Chubb from $368.00 to $372.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Finally, Wolfe Research lifted their price target on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.90.

Chubb Stock Down 1.5%

Shares of CB opened at $311.54 on Friday. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The company has a market cap of $120.84 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.59 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $325.57 and a two-hundred day simple moving average of $317.11.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion during the quarter. Research analysts forecast that Chubb Limited will post 26.8 EPS for the current fiscal year.

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.