Chubb Limited $CB Stock: Delta Capital Management LLC Increases Stake

Delta Capital Management LLC boosted its stake in Chubb Limited (NYSE:CB) by 22.9% during the 3rd quarter, Holdings Channel reports. The firm owned 14,945 shares of the financial services provider’s stock after buying an additional 2,785 shares during the quarter. Chubb makes up about 1.5% of Delta Capital Management LLC’s holdings, making the stock its 9th biggest position. Delta Capital Management LLC’s holdings in Chubb were worth $4,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. Janney Montgomery Scott LLC raised its holdings in shares of Chubb by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after buying an additional 5,225 shares during the period. Equitable Holdings Inc. purchased a new position in Chubb during the 2nd quarter valued at $4,139,000. Berkshire Hathaway Inc purchased a new position in Chubb during the 2nd quarter valued at $11,670,067,000. XXEC Inc. purchased a new position in Chubb during the 2nd quarter valued at $26,210,000. Finally, Douglas Lane & Associates LLC grew its position in Chubb by 2,748.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 467,591 shares of the financial services provider’s stock valued at $152,084,000 after acquiring an additional 451,173 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 1.9%

Shares of NYSE CB opened at $359.51 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $138.70 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.57 and a beta of 0.36. The stock has a 50 day moving average price of $340.44 and a 200 day moving average price of $336.38. Chubb Limited has a 52-week low of $266.40 and a 52-week high of $365.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. Chubb’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.14 earnings per share. Sell-side analysts expect that Chubb Limited will post 27.72 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb’s payout ratio is 14.43%.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. HSBC reiterated a “hold” rating and issued a $359.00 target price on shares of Chubb in a research note on Wednesday, October 7th. Cantor Fitzgerald boosted their target price on shares of Chubb from $330.00 to $333.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. Mizuho lowered their target price on shares of Chubb from $347.00 to $336.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Citigroup restated a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. Finally, Morgan Stanley reduced their price target on shares of Chubb from $360.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. One equities 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 company. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $358.36.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.