Delta Global Management LP Acquires 1,786 Shares of Chubb Limited $CB

Delta Global Management LP lifted its holdings in shares of Chubb Limited (NYSE:CB) by 59.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,814 shares of the financial services provider’s stock after acquiring an additional 1,786 shares during the quarter. Delta Global Management LP’s holdings in Chubb were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CB. Harbor Capital Advisors Inc. lifted its stake in Chubb by 93.6% during the 3rd 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 during the period. Cedar Mountain Advisors LLC grew its stake in shares of Chubb by 155.6% in 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 bought a new stake in shares of Chubb in the second quarter worth approximately $32,000. Cornerstone Planning Group LLC raised its holdings in shares of Chubb by 81.5% during the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Chubb during the third quarter valued at approximately $34,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chubb

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. HSBC raised their target price on shares of Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Bank of America decreased their target price on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research note on Friday, January 16th. Morgan Stanley set a $350.00 price target on Chubb in a report on Friday, January 16th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Finally, Raymond James Financial lifted their price objective on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $340.81.

Chubb Stock Up 0.3%

Shares of CB stock opened at $330.06 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The stock has a market cap of $128.78 billion, a P/E ratio of 12.83, a P/E/G ratio of 2.06 and a beta of 0.46. The company has a 50 day simple moving average of $319.85 and a two-hundred day simple moving average of $300.16.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company posted $6.02 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

About Chubb

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.