Citizens Financial Group Inc. RI Buys 29,233 Shares of Chubb Limited $CB

Citizens Financial Group Inc. RI lifted its position in Chubb Limited (NYSE:CB) by 153.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,286 shares of the financial services provider’s stock after purchasing an additional 29,233 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Chubb were worth $13,653,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC increased its holdings in Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in Chubb in the 2nd quarter valued at $32,000. Heartwood Wealth Advisors LLC acquired a new position in Chubb in the third quarter worth $34,000. Finally, Maseco LLP acquired a new position in Chubb in the second quarter worth $35,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wolfe Research lifted their price target on Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Evercore ISI reaffirmed an “outperform” rating and issued a $346.00 target price on shares of Chubb in a research note on Wednesday. The Goldman Sachs Group raised shares of Chubb from a “neutral” rating to a “buy” rating and increased their price target for the company from $309.00 to $351.00 in a research note on Wednesday. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $318.00.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the transaction, the insider owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 57,333 shares of company stock worth $16,629,873 in the last ninety days. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $306.75 on Monday. The firm has a fifty day moving average of $301.38 and a two-hundred day moving average of $285.36. The stock has a market capitalization of $120.72 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 3.21 and a beta of 0.51. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $316.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $5.72 EPS. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. Chubb’s dividend payout ratio is 16.19%.

Chubb 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.