Northwestern Mutual Wealth Management Co. Raises Stake in Chubb Limited $CB

by · The Markets Daily

Northwestern Mutual Wealth Management Co. raised its position in Chubb Limited (NYSE:CB – Free Report) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,355 shares of the financial services provider’s stock after acquiring an additional 3,160 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Chubb were worth $11,035,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC lifted its stake in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Chubb in the fourth quarter worth approximately $31,000. Ares Financial Consulting LLC purchased a new position in Chubb in the fourth quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp purchased a new position in Chubb in the third quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC lifted its stake in Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent research reports. Evercore lifted their price target on shares of Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Piper Sandler lifted their price target on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. BMO Capital Markets lifted their price target on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Bank of America reduced their price objective on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Finally, Roth Mkm boosted their price objective on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $349.90.

Read Our Latest Stock Report on CB

Insiders Place Their Bets

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction 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 transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Olivier Steimer sold 2,000 shares of Chubb 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 SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

Chubb Stock Down 0.5%

Shares of NYSE:CB opened at $310.32 on Tuesday. The company has a market capitalization of $120.36 billion, a PE ratio of 10.96, a P/E/G ratio of 1.59 and a beta of 0.43. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The firm has a 50 day simple moving average of $325.31 and a 200-day simple moving average of $317.44.

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

Chubb Company Profile

(Free Report)

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.

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