Vinva Investment Management Ltd Has $8.30 Million Stock Holdings in Chubb Limited $CB

Vinva Investment Management Ltd grew its holdings in Chubb Limited (NYSE:CB) by 64.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,673 shares of the financial services provider’s stock after acquiring an additional 11,591 shares during the quarter. Vinva Investment Management Ltd’s holdings in Chubb were worth $8,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb in the fourth quarter valued at approximately $205,000. Woodline Partners LP lifted its stake in shares of Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 1,449 shares during the period. Sivia Capital Partners LLC boosted its holdings in Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after buying an additional 175 shares during the last quarter. Finally, Savant Capital LLC increased its stake in Chubb by 6.6% in the second quarter. Savant Capital LLC now owns 17,411 shares of the financial services provider’s stock valued at $5,044,000 after purchasing an additional 1,073 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price objective on Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $350.00 price objective on shares of Chubb in a research report on Friday, January 16th. BMO Capital Markets increased their price target on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Citigroup boosted their price objective on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Evercore upped their price target on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $340.81.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated 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 directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s 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 directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of Chubb stock opened at $327.86 on Monday. The stock has a market cap of $127.92 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 2.06 and a beta of 0.46. The company’s fifty day moving average is $318.20 and its 200 day moving average is $297.97. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67.

Chubb (NYSE:CB) last posted its quarterly earnings data 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. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. Chubb’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $6.02 earnings per share. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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

Chubb Company 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.