Sepio Capital LP Buys Shares of 5,678 Chubb Limited $CB

Sepio Capital LP purchased a new position in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,678 shares of the financial services provider’s stock, valued at approximately $1,645,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Chubb by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock valued at $10,643,993,000 after acquiring an additional 210,053 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Chubb by 0.3% in the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock valued at $2,541,771,000 after purchasing an additional 30,721 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Chubb during the 2nd quarter worth approximately $1,195,137,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research note on Monday, October 27th. UBS Group lifted their price objective on Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $308.11.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction on Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the transaction, the executive vice president owned 12,660 shares in the company, valued at $3,749,512.20. This trade represents a 45.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the sale, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 over the last quarter. Company insiders own 0.77% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $296.37 on Monday. The stock has a fifty day moving average price of $284.54 and a 200 day moving average price of $281.57. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The firm has a market capitalization of $116.63 billion, a P/E ratio of 12.37, a PEG ratio of 2.74 and a beta of 0.58. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the previous year, the business earned $5.72 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.3%. Chubb’s dividend payout ratio is 16.19%.

Chubb Company 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.