Capital International Ltd. CA Grows Position in Chubb Limited $CB

Capital International Ltd. CA boosted its stake in shares of Chubb Limited (NYSE:CB) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 96,416 shares of the financial services provider’s stock after buying an additional 2,236 shares during the period. Chubb makes up approximately 1.0% of Capital International Ltd. CA’s holdings, making the stock its 28th largest holding. Capital International Ltd. CA’s holdings in Chubb were worth $27,213,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CB. Brighton Jones LLC boosted its stake in shares of Chubb by 12.8% during 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 Chubb in the 4th quarter valued at about $205,000. Woodline Partners LP increased its position in shares of Chubb by 13.0% during the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after acquiring an additional 1,449 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 175 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in shares of Chubb by 36.0% in the second quarter. AE Wealth Management LLC now owns 4,095 shares of the financial services provider’s stock valued at $1,186,000 after purchasing an additional 1,083 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were 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 owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of several research reports. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Bank of America dropped their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a research report on Friday, January 16th. Mizuho raised their price target on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Evercore raised their price objective on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Raymond James Financial upped their price objective on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $340.81.

Chubb Stock Down 1.2%

NYSE CB opened at $323.95 on Tuesday. The business has a fifty day moving average price of $318.39 and a 200 day moving average price of $298.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $126.39 billion, a P/E ratio of 12.59, a P/E/G ratio of 2.06 and a beta of 0.46. Chubb Limited has a one year low of $264.10 and a one year high of $345.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion for 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%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.02 EPS. Research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s 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.