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Qtron Investments increased its Chubb stake despite Barclays lowering the stock’s price target.
Qtron Investments LLC boosted its stake in Chubb Limited (NYSE:CB) by 5.6%, now owning 7,016 shares valued at $1,939,000.
Chubb reported strong Q4 earnings of $6.02 per share, exceeding analyst estimates of $5.33.
Despite this, Barclays lowered its price target for Chubb to $321.00 but kept an overweight rating.
Chubb, with a market cap of $113.51 billion, provides insurance and reinsurance services globally.
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Qtron Investments aumentó su participación en Chubb a pesar de que Barclays redujo el objetivo de precios de las acciones.