Fox Run Management L.L.C. Takes Position in Chubb Limited $CB

Fox Run Management L.L.C. purchased a new stake in shares of Chubb Limited (NYSE:CB) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,656 shares of the financial services provider’s stock, valued at approximately $467,000.

Several other institutional investors have also recently made changes to their positions in CB. Harbor Capital Advisors Inc. boosted its stake in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC boosted its position in shares of Chubb by 155.6% during 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 last quarter. VSM Wealth Advisory LLC purchased a new position in Chubb during the second quarter valued at $32,000. Cornerstone Planning Group LLC increased its holdings in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Chubb in the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on 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 sale, the executive vice president owned 11,810 shares in the company, 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction 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 $169,572,096.72. This represents a 2.86% decrease in their position. The SEC filing for this sale provides additional information. 0.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CB. JPMorgan Chase & Co. lifted their target price on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Evercore raised their price target on Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Mizuho upped their price objective on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Barclays boosted their price target on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $340.81.

Chubb Stock Performance

NYSE CB opened at $340.29 on Monday. The business’s 50 day moving average price is $315.97 and its 200-day moving average price is $295.86. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $342.69. The company has a market cap of $133.92 billion, a P/E ratio of 13.23, a P/E/G ratio of 2.17 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS 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 company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period in the previous year, the firm earned $6.02 earnings per share. Chubb’s quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s dividend payout ratio is 15.08%.

Chubb 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.