Chubb Limited $CB Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC grew its stake in Chubb Limited (NYSE:CB) by 35.9% during the 1st quarter, HoldingsChannel reports. The firm owned 218,874 shares of the financial services provider’s stock after buying an additional 57,860 shares during the quarter. Calamos Advisors LLC’s holdings in Chubb were worth $71,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CB. Brighton Jones LLC grew its holdings in Chubb by 12.8% in the fourth 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 period. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the fourth quarter worth $205,000. Woodline Partners LP raised its holdings in 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 acquiring an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 175 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after acquiring an additional 17,155 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of NYSE CB opened at $354.46 on Tuesday. The company has a market cap of $137.48 billion, a PE ratio of 12.52, a P/E/G ratio of 1.78 and a beta of 0.40. The stock has a fifty day moving average price of $330.45 and a 200 day moving average price of $324.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $365.29.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion for the quarter. Sell-side analysts forecast that Chubb Limited will post 26.76 EPS for the current year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is presently 14.41%.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CB shares. Wolfe Research lifted their price target on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. BMO Capital Markets lifted their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a report on Friday, April 24th. The Goldman Sachs Group boosted their price target on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Barclays set a $387.00 price objective on Chubb in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $358.81.

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.