The Vanguard Group, Inc. has recently announced that it has increased stake in Chubb Limited (NYSE:CB) by 0.14%. After grabbing 37.35 million shares, the institutional investor is now in possession of 52221.0 shares of the Financial Company. The new investment brought the stake of investor firm to 9.09% having worth around $8.02 billion. Moreover, Wellington Management Co. LLP increased its share by 0.14 million to have a control over 18.52 million shares. And Capital Research & Management Co raised its holdings to 8082.0 shares by acquiring 10.27 million shares or 2.50% of the stake.
Chubb Limited (CB) concluded trading on 12/14/23 at a closing price of $220.51, with 4.84 million shares of worth about $1.07 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.29% during that period and on Thursday the price saw a loss of about -2.48%. Currently the company’s common shares owned by public are about 414.59M shares, out of which, 405.52M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 108 times over the past 12 months. They bought 389,840 shares in 44 of the transactions. In 64 selling transactions, insiders dumped 185,049 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Dividend Growth Fund are the top 3 mutual funds which are holding stakes in Chubb Limited Vanguard Total Stock Market ETF is currently holding 12.86 million shares of worth totaling $2.76 billion. The company recently came buying 63351.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 46007.0 shares, after which its hold over company’s outstanding shares expand to 2.42%, leaving 9.92 million shares with the mutual fund that have a worth of about $2.13 billion. Vanguard Dividend Growth Fund, after selling 5.81 million shares, have now control over 1.41% of the stake in the company. It holds -0.29 million shares of worth $1.25 billion.
However, the stock later moved at a day high price of 224.63, or with a loss of -2.48%. Stock saw a price change of -1.17% in past 5 days and over the past one month there was a price change of 0.44%. Year-to-date (YTD), CB shares are showing a performance of -0.04% which increased to 1.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $183.40 but also hit the highest price of $231.37 during that period. The average intraday trading volume for Chubb Limited shares is 1.86 million. The stock is currently trading -2.09% below its 20-day simple moving average (SMA20), while that difference is up 0.89% for SMA50 and it goes to 8.30% higher than SMA200.
The Vanguard Group, Inc. acquired 37.35 million shares of Chubb Limited having value of about $8.02 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 52221.0 shares in the company valued at close to $11515252.71, or have control over 0.14% stake in the company. Chubb Limited (NYSE: CB) currently have 414.59M outstanding shares and institutions hold larger chunk of about 87.57% of that. Holding of mutual funds in the company is about 36.37% while other institutional holders and individual stake holders have control over 50.99% and 0.77% of the stake respectively.
The stock has a current market capitalization of $89.97B and its 3Y-monthly beta is at 0.62. PE ratio of stock for trailing 12 months is 13.03, while it has posted earnings per share of $16.93 in the same period. Its PEG reads 0.74 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CB, volatility over the week remained 1.52% while standing at 1.44% over the month.
Analysts are in expectations that Chubb Limited (CB) stock would likely to be making an EPS of $5 in the current quarter, while forecast for next quarter EPS is $5.27 and it is $21.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $4.57 which is $5.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.79% while it is estimated to increase by 10.89% in next year. EPS is likely to grow at an annualized rate of 17.70% for next 5-years, compared to annual growth of 8.89% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on October 05, 2023 offering a Buy rating for the stock and assigned a target price of $269 to it.
