Capital International Inc. CA Sells 30,655 Shares of Chubb Limited $CB

Capital International Inc. CA lessened its stake in Chubb Limited (NYSE:CB) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,627 shares of the financial services provider’s stock after selling 30,655 shares during the period. Capital International Inc. CA’s holdings in Chubb were worth $53,880,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CB. Berkshire Hathaway Inc grew its position in shares of Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after buying an additional 4,299,111 shares during the last quarter. Norges Bank bought a new stake in shares of Chubb during the 4th quarter valued at about $1,081,190,000. AQR Capital Management LLC boosted its position in shares of Chubb by 75.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock valued at $785,468,000 after purchasing an additional 1,199,963 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Chubb during the 3rd quarter valued at about $220,217,000. Finally, Amundi boosted its position in shares of Chubb by 55.4% during the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock valued at $557,493,000 after purchasing an additional 693,740 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 3.9%

Shares of NYSE:CB opened at $326.82 on Friday. The business’s 50 day simple moving average is $324.69 and its two-hundred day simple moving average is $317.87. The firm has a market cap of $126.76 billion, a P/E ratio of 11.54, a PEG ratio of 1.67 and a beta of 0.41. 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 52-week low of $264.10 and a 52-week high of $345.67.

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 business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, research analysts forecast that Chubb Limited will post 26.8 EPS for the current fiscal 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 stock was sold at an average price of $321.51, for a total transaction 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 trade represents a 10.16% decrease in their ownership of the stock. The sale 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 shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CB. Keefe, Bruyette & Woods upped their target price on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. UBS Group restated a “neutral” rating and set a $340.00 target price on shares of Chubb in a research report on Monday, February 9th. Jefferies Financial Group cut their target price on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. BMO Capital Markets upped their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Finally, Citigroup upped their target price on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research report 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $349.90.

Chubb 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.