Chubb Limited (NYSE:CB) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of Chubb Limited (NYSE:CBGet Rating) by 88.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,771 shares of the financial services provider’s stock after acquiring an additional 88,520 shares during the quarter. Victory Capital Management Inc.’s holdings in Chubb were worth $34,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Carolinas Wealth Consulting LLC increased its position in Chubb by 10.1% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 51 shares in the last quarter. Fiduciary Group LLC increased its position in Chubb by 3.4% during the 2nd quarter. Fiduciary Group LLC now owns 1,589 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 52 shares in the last quarter. Linscomb & Williams Inc. increased its position in Chubb by 3.0% during the 2nd quarter. Linscomb & Williams Inc. now owns 1,814 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 52 shares in the last quarter. Unison Advisors LLC increased its position in Chubb by 0.4% during the 3rd quarter. Unison Advisors LLC now owns 13,016 shares of the financial services provider’s stock worth $2,378,000 after purchasing an additional 52 shares in the last quarter. Finally, Modera Wealth Management LLC increased its position in Chubb by 4.5% during the 3rd quarter. Modera Wealth Management LLC now owns 1,252 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 19,051 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $218.59, for a total value of $4,164,358.09. Following the completion of the transaction, the insider now owns 131,502 shares in the company, valued at approximately $28,745,022.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Chubb news, insider John J. Lupica sold 19,051 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $218.59, for a total value of $4,164,358.09. Following the transaction, the insider now directly owns 131,502 shares of the company’s stock, valued at approximately $28,745,022.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sean Ringsted sold 12,686 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $210.37, for a total value of $2,668,753.82. Following the completion of the transaction, the executive vice president now directly owns 212,995 shares in the company, valued at $44,807,758.15. The disclosure for this sale can be found here. Insiders sold a total of 70,786 shares of company stock worth $14,975,790 in the last 90 days. 0.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CB. Raymond James upped their price objective on shares of Chubb from $260.00 to $270.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 27th. Wells Fargo & Company upped their price objective on shares of Chubb from $250.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, October 27th. Royal Bank of Canada upped their price objective on shares of Chubb from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, December 14th. Morgan Stanley upped their price objective on shares of Chubb from $216.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 22nd. Finally, Piper Sandler upped their price objective on shares of Chubb from $225.00 to $230.00 in a research note on Tuesday, January 10th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $242.33.

Chubb Stock Up 0.5 %

Shares of NYSE:CB opened at $220.43 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. Chubb Limited has a 1 year low of $173.78 and a 1 year high of $230.27. The stock has a market capitalization of $91.49 billion, a P/E ratio of 15.37, a PEG ratio of 1.28 and a beta of 0.68. The stock has a 50-day simple moving average of $217.99 and a 200-day simple moving average of $201.80.

Chubb (NYSE:CBGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.15. The firm had revenue of $10.75 billion during the quarter, compared to analysts’ expectations of $10.71 billion. Chubb had a return on equity of 11.89% and a net margin of 14.70%. Chubb’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.64 EPS. Equities analysts forecast that Chubb Limited will post 15.41 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 16th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, December 15th. Chubb’s dividend payout ratio is presently 23.15%.

Chubb Company Profile

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Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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