Thrivent Financial for Lutherans Raises Holdings in Chubb Limited $CB

Thrivent Financial for Lutherans increased its position in shares of Chubb Limited (NYSE:CB) by 18.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,613 shares of the financial services provider’s stock after purchasing an additional 2,631 shares during the period. Thrivent Financial for Lutherans’ holdings in Chubb were worth $5,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CB. Berkshire Hathaway Inc grew its holdings in Chubb by 15.9% during 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 in the last quarter. State Street Corp lifted its position in shares of 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 purchasing an additional 68,553 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Chubb by 9.2% during the third quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider’s stock valued at $1,426,475,000 after purchasing an additional 427,512 shares in the last quarter. Bank of America Corp DE increased its holdings in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after buying an additional 513,852 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after buying an additional 1,199,963 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CB. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. BMO Capital Markets lifted their price objective on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Evercore lifted their price objective on shares of Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Citizens Jmp lifted their price objective on shares of Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and a consensus price target of $349.33.

Chubb Trading Up 0.5%

NYSE:CB opened at $330.08 on Friday. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The firm has a fifty day simple moving average of $326.38 and a 200-day simple moving average of $315.73. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $128.03 billion, a P/E ratio of 11.66, a PEG ratio of 1.68 and a beta of 0.43.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion during the quarter. On average, equities research analysts anticipate that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is currently 13.70%.

Insider Transactions at Chubb

In related news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

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.