Groupama Asset Managment Has $15.20 Million Stock Holdings in Chubb Limited $CB

Groupama Asset Managment trimmed its position in shares of Chubb Limited (NYSE:CB) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,693 shares of the financial services provider’s stock after selling 2,523 shares during the period. Groupama Asset Managment’s holdings in Chubb were worth $15,198,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its stake in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb in the 4th quarter valued at $31,000. Ares Financial Consulting LLC bought a new position in shares of Chubb during the 4th quarter worth about $32,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Chubb during the 3rd quarter worth about $31,000. Finally, Cherry Tree Wealth Management LLC boosted its position in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 1.2%

CB opened at $323.88 on Friday. The firm’s 50-day simple moving average is $324.87 and its 200-day simple moving average is $319.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The firm has a market cap of $125.62 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.68 and a beta of 0.41.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts anticipate that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 14.41%.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Wolfe Research raised their price target on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Jefferies Financial Group decreased their price objective on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Piper Sandler upped their price objective on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Finally, Bank of America dropped their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $349.10.

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.