Quantbot Technologies LP Invests $3.67 Million in Chubb Limited $CB

Quantbot Technologies LP bought a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, Holdings Channel reports. The institutional investor bought 10,763 shares of the financial services provider’s stock, valued at approximately $3,667,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XXEC Inc. purchased a new stake in Chubb during the 2nd quarter worth approximately $228,226,000. BlackRock Inc. acquired a new position in shares of Chubb during the second quarter valued at approximately $9,913,336,000. Norges Bank purchased a new position in shares of Chubb in the fourth quarter valued at approximately $1,081,190,000. Bank of New York Mellon Corp purchased a new position in shares of Chubb in the second quarter valued at approximately $1,042,549,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after acquiring an additional 3,049,987 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays set a $387.00 price target on Chubb in a research report on Tuesday, July 7th. The Goldman Sachs Group raised their price objective on Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Atlantic Securities set a $301.00 target price on shares of Chubb in a research note on Wednesday, July 15th. UBS Group upped their target price on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Piper Sandler increased their target price on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $361.00.

Chubb Stock Performance

Shares of Chubb stock opened at $341.15 on Monday. The business’s 50 day moving average price is $345.88 and its 200 day moving average price is $333.46. The company has a market cap of $131.62 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.65 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a one year low of $265.30 and a one year high of $365.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the business earned $6.14 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts predict that Chubb Limited will post 27.49 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is presently 14.43%.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

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.