Chubb Ltd (CB) Position Increased by Citizens Financial Group Inc RI

Citizens Financial Group Inc RI increased its holdings in shares of Chubb Ltd (NYSE:CB) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,848 shares of the financial services provider’s stock after purchasing an additional 872 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Chubb were worth $8,892,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Fiduciary Financial Services of The Southwest Inc. TX grew its position in Chubb by 5.5% in the 4th quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 6,468 shares of the financial services provider’s stock valued at $945,000 after acquiring an additional 337 shares in the last quarter. Pillar Pacific Capital Management LLC grew its position in Chubb by 1.0% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 36,179 shares of the financial services provider’s stock valued at $5,286,000 after acquiring an additional 342 shares in the last quarter. Pittenger & Anderson Inc. grew its position in Chubb by 0.5% in the 3rd quarter. Pittenger & Anderson Inc. now owns 64,337 shares of the financial services provider’s stock valued at $9,171,000 after acquiring an additional 345 shares in the last quarter. Torch Wealth Management LLC grew its position in Chubb by 2.4% in the 4th quarter. Torch Wealth Management LLC now owns 14,893 shares of the financial services provider’s stock valued at $2,176,000 after acquiring an additional 348 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in Chubb by 6.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,013 shares of the financial services provider’s stock valued at $879,000 after acquiring an additional 354 shares in the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on CB. Bank of America lifted their target price on Chubb from $168.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $170.00 target price on shares of Chubb in a research report on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “buy” rating and issued a $169.00 target price on shares of Chubb in a research report on Tuesday, January 30th. Citigroup lifted their target price on Chubb from $167.00 to $173.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $153.00 target price on shares of Chubb in a research report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $163.92.

In related news, CEO Evan G. Greenberg sold 95,761 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the completion of the sale, the chief executive officer now owns 1,367,229 shares in the company, valued at $199,013,853.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy Alan Boroughs sold 18,611 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $151.22, for a total value of $2,814,355.42. Following the sale, the insider now owns 201,165 shares of the company’s stock, valued at approximately $30,420,171.30. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

Chubb Ltd (NYSE:CB) opened at $147.00 on Monday. Chubb Ltd has a 52-week low of $133.82 and a 52-week high of $157.50. The company has a market capitalization of $68,240.63, a PE ratio of 18.33, a PEG ratio of 1.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 0.29.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 EPS for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.86. Chubb had a return on equity of 7.52% and a net margin of 11.87%. The business had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same period in the previous year, the company posted $2.72 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. research analysts predict that Chubb Ltd will post 10.76 EPS for the current year.

Chubb announced that its board has authorized a stock repurchase program on Thursday, December 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Chubb Company Profile

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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