Disciplined Investors L.L.C. Increases Stock Position in Chubb Limited $CB

Disciplined Investors L.L.C. increased its position in Chubb Limited (NYSE:CB) by 333.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,233 shares of the financial services provider’s stock after purchasing an additional 3,256 shares during the period. Disciplined Investors L.L.C.’s holdings in Chubb were worth $1,321,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc raised its holdings in Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares during the last quarter. State Street Corp raised its holdings in Chubb by 0.4% in the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after acquiring an additional 68,553 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Chubb by 9.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock worth $1,426,475,000 after acquiring an additional 427,512 shares during the last quarter. Bank of America Corp DE raised its holdings in Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after acquiring an additional 513,852 shares during the last quarter. Finally, Norges Bank purchased a new position in Chubb in the 4th quarter worth approximately $1,081,190,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citizens Jmp lifted their target price 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 cut their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. UBS Group reaffirmed a “neutral” rating and issued a $340.00 target price on shares of Chubb in a research report on Monday, February 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $315.00 target price on shares of Chubb in a research report on Wednesday, April 22nd. Finally, Citigroup lifted their target price on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $349.90.

Chubb Trading Up 0.2%

Shares of CB stock opened at $313.03 on Thursday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm has a fifty day moving average price of $324.83 and a 200-day moving average price of $317.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $121.41 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.59 and a beta of 0.41.

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

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the 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 sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.