Capital International Ltd. CA Boosts Stock Position in Chubb Limited $CB

Capital International Ltd. CA lifted its stake in shares of Chubb Limited (NYSE:CB) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,416 shares of the financial services provider’s stock after purchasing an additional 2,236 shares during the quarter. Chubb comprises approximately 1.0% of Capital International Ltd. CA’s portfolio, making the stock its 28th biggest position. Capital International Ltd. CA’s holdings in Chubb were worth $27,213,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC grew its holdings in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the period. VSM Wealth Advisory LLC purchased a new position in Chubb in the second quarter worth $32,000. Cornerstone Planning Group LLC boosted its position in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Chubb in the 3rd quarter valued at about $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citizens Jmp reaffirmed a “market outperform” rating and issued a $350.00 target price on shares of Chubb in a report on Wednesday, February 4th. Barclays increased their price objective on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Roth Mkm raised their price target on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $340.00 target price on shares of Chubb in a research report on Monday, February 9th. Finally, Raymond James Financial upped their price objective on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $340.81.

Chubb Trading Down 1.2%

NYSE CB opened at $323.95 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $126.39 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The company’s fifty day moving average price is $318.39 and its two-hundred day moving average price is $298.28.

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

Chubb Dividend Announcement

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

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.