BTG Pactual Asset Management US LLC Invests $1.66 Million in Chubb Limited $CB

BTG Pactual Asset Management US LLC bought a new stake in Chubb Limited (NYSE:CB) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 4,863 shares of the financial services provider’s stock, valued at approximately $1,657,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new position in Chubb in the second quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in shares of Chubb during the second quarter worth about $25,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Chubb in the 2nd quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC boosted its position in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.1%

CB stock opened at $340.34 on Monday. The stock has a market capitalization of $131.30 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39. The company has a fifty day moving average of $347.46 and a 200-day moving average of $334.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a one year low of $265.30 and a one year high of $365.91.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $6.14 earnings per share. As a group, analysts expect that Chubb Limited will post 27.35 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is presently 14.43%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CB shares. Evercore reaffirmed an “outperform” rating and set a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Cantor Fitzgerald lifted their price objective on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. The Goldman Sachs Group increased their target price on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Barclays set a $387.00 price target on Chubb in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $361.00.

Insider Activity at Chubb

In other news, Director Michael P. Connors sold 5,500 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

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.