Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Holdings in Chubb Limited $CB

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Chubb Limited (NYSE:CB) by 22.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 347,349 shares of the financial services provider’s stock after purchasing an additional 64,594 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Chubb worth $100,634,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $205,000. Larson Financial Group LLC lifted its stake in shares of Chubb by 67.2% in the 1st quarter. Larson Financial Group LLC now owns 1,125 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 452 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Chubb by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 19,847 shares of the financial services provider’s stock worth $5,994,000 after purchasing an additional 1,102 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in Chubb by 5.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 33,901 shares of the financial services provider’s stock valued at $10,238,000 after buying an additional 1,810 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup lifted their price objective on shares of Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $300.00 price objective on shares of Chubb in a research report on Monday, October 27th. JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $307.79.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by corporate insiders.

Chubb Stock Down 0.2%

Shares of NYSE:CB opened at $295.75 on Friday. The business’s 50 day moving average is $280.40 and its 200 day moving average is $280.95. The stock has a market cap of $116.39 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share 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 $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period in the prior year, the business earned $5.72 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Profile

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 risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.