Chubb Limited $CB Stake Boosted by Waddell & Associates LLC

Waddell & Associates LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 129.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,975 shares of the financial services provider’s stock after acquiring an additional 2,805 shares during the period. Waddell & Associates LLC’s holdings in Chubb were worth $1,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. TIAA Trust National Association grew its holdings in shares of Chubb by 14.0% during the 4th quarter. TIAA Trust National Association now owns 12,688 shares of the financial services provider’s stock valued at $3,960,000 after acquiring an additional 1,555 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Chubb by 18.4% during the 4th quarter. Cerity Partners LLC now owns 410,448 shares of the financial services provider’s stock valued at $128,107,000 after acquiring an additional 63,790 shares in the last quarter. Schulhoff & Co. Inc. purchased a new position in shares of Chubb during the 4th quarter valued at $202,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Chubb by 3.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 97,136 shares of the financial services provider’s stock valued at $30,318,000 after acquiring an additional 3,246 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in shares of Chubb during the 4th quarter worth $849,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Down 1.2%

Shares of CB stock opened at $322.22 on Tuesday. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a market capitalization of $124.98 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.67 and a beta of 0.41. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $324.65 and a 200 day moving average price of $318.21.

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. BMO Capital Markets raised their target price on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Citizens Jmp raised their price target on shares of Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group decreased their price target on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average target price of $349.43.

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.