Chubb Ltd (CB) Shares Bought by Global X Management Co. LLC

Global X Management Co. LLC grew its holdings in Chubb Ltd (NYSE:CB) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,142 shares of the financial services provider’s stock after acquiring an additional 984 shares during the period. Global X Management Co. LLC’s holdings in Chubb were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Global Financial Private Capital LLC lifted its position in shares of Chubb by 23.7% in the fourth quarter. Global Financial Private Capital LLC now owns 20,972 shares of the financial services provider’s stock worth $3,066,000 after buying an additional 4,013 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Chubb by 9.6% in the fourth quarter. Toronto Dominion Bank now owns 203,342 shares of the financial services provider’s stock worth $29,714,000 after buying an additional 17,893 shares in the last quarter. Covenant Multifamily Offices LLC purchased a new stake in shares of Chubb in the fourth quarter worth about $135,000. Wells Fargo & Company MN lifted its position in shares of Chubb by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 5,496,940 shares of the financial services provider’s stock worth $803,269,000 after buying an additional 19,850 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Chubb by 125.6% in the fourth quarter. First Trust Advisors LP now owns 336,757 shares of the financial services provider’s stock worth $49,210,000 after buying an additional 187,500 shares in the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.

CB has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Chubb from a “buy” rating to a “sell” rating in a research report on Friday, January 5th. Wells Fargo & Co set a $169.00 target price on Chubb and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Goldman Sachs Group initiated coverage on Chubb in a research report on Monday, December 4th. They issued a “buy” rating and a $167.00 target price on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $156.00 target price on shares of Chubb in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $170.00 target price on shares of Chubb in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $165.25.

In other news, CEO Evan G. Greenberg sold 95,761 shares of the company’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 transaction, the chief executive officer now owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy Alan Boroughs sold 18,611 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $151.22, for a total value of $2,814,355.42. Following the transaction, the insider now directly owns 201,165 shares in the company, 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.

Shares of Chubb Ltd (NYSE:CB) opened at $145.44 on Wednesday. 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 Ltd has a 52 week low of $133.82 and a 52 week high of $157.50. The firm has a market capitalization of $68,240.63, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same period in the previous year, the firm posted $2.72 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. equities analysts predict that Chubb Ltd will post 10.76 EPS for the current fiscal year.

Chubb declared that its board has approved a share repurchase plan on Thursday, December 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is 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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