Hexagon Capital Partners LLC Purchases 87 Shares of Chubb Limited (NYSE:CB)

Hexagon Capital Partners LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 21.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 485 shares of the financial services provider’s stock after purchasing an additional 87 shares during the period. Hexagon Capital Partners LLC’s holdings in Chubb were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Capital Research Global Investors boosted its holdings in shares of Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after acquiring an additional 2,064,730 shares in the last quarter. Capital World Investors boosted its stake in Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of Chubb during the first quarter worth $165,932,000. Lazard Asset Management LLC increased its stake in shares of Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after buying an additional 457,881 shares in the last quarter. Finally, Troy Asset Management Ltd bought a new position in shares of Chubb in the second quarter valued at about $106,975,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday. Morgan Stanley decreased their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Finally, Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $282.37.

Chubb Stock Up 0.7 %

Chubb stock opened at $284.70 on Friday. Chubb Limited has a twelve month low of $205.64 and a twelve month high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $281.56 and a 200-day moving average of $266.30. The stock has a market capitalization of $115.61 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the prior year, the firm posted $4.92 EPS. The business’s revenue was up 11.8% on a year-over-year basis. On average, equities research analysts anticipate that Chubb Limited will post 21.21 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s payout ratio is presently 16.16%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.