Hilton Head Capital Partners LLC Invests $606,000 in Chubb Limited $CB

Hilton Head Capital Partners LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,940 shares of the financial services provider’s stock, valued at approximately $606,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC grew its holdings in shares of 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 purchasing an additional 49 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Chubb during the fourth quarter worth about $31,000. Ares Financial Consulting LLC purchased a new position in shares of Chubb during the fourth quarter worth about $32,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Chubb in the third quarter worth approximately $31,000. Finally, Cherry Tree Wealth Management LLC boosted its stake in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $326.82 on Monday. 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 fifty-two week low of $264.10 and a fifty-two week high of $345.67. The stock has a 50 day moving average price of $324.69 and a two-hundred day moving average price of $318.03. The company has a market capitalization of $126.76 billion, a P/E ratio of 11.54, a PEG ratio of 1.67 and a beta of 0.41.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on CB. Citizens Jmp upped their target price on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 22nd. Bank of America cut their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. BMO Capital Markets upped their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Barclays upped their target price on Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Raymond James Financial upped their target price on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.90.

Insider Activity at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’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 value of $7,394,730.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

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.