iSAM Funds UK Ltd Has $4.87 Million Position in Chubb Limited $CB

iSAM Funds UK Ltd grew its position in shares of Chubb Limited (NYSE:CB) by 487.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,259 shares of the financial services provider’s stock after purchasing an additional 14,322 shares during the period. Chubb makes up 1.0% of iSAM Funds UK Ltd’s portfolio, making the stock its 2nd biggest holding. iSAM Funds UK Ltd’s holdings in Chubb were worth $4,871,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Chubb by 0.6% during the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after buying an additional 210,053 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after acquiring an additional 513,852 shares in the last quarter. Norges Bank purchased a new stake in shares of Chubb in the 2nd quarter valued at about $1,195,137,000. Legal & General Group Plc boosted its position in shares of Chubb by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 2,461,397 shares of the financial services provider’s stock valued at $694,729,000 after acquiring an additional 25,767 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Chubb by 4.8% during the 3rd quarter. Invesco Ltd. now owns 2,364,812 shares of the financial services provider’s stock valued at $667,468,000 after acquiring an additional 109,056 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CB shares. HSBC upped their price objective on shares of Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Jefferies Financial Group lifted their target price on shares of Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. Morgan Stanley set a $350.00 price target on shares of Chubb in a research note on Friday, January 16th. Raymond James Financial increased their price target on shares of Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. Finally, Piper Sandler raised their price objective on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $340.81.

Chubb Stock Performance

NYSE:CB opened at $329.24 on Friday. The business has a 50 day moving average of $319.55 and a 200 day moving average of $299.38. The company has a market capitalization of $128.45 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 2.07 and a beta of 0.46. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the business earned $6.02 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 15.08%.

Insider Buying and Selling at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by company insiders.

Chubb Profile

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.