Chubb Limited $CB Position Increased by Versant Capital Management Inc

Versant Capital Management Inc raised its stake in shares of Chubb Limited (NYSE:CB) by 216.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,582 shares of the financial services provider’s stock after purchasing an additional 3,819 shares during the quarter. Versant Capital Management Inc’s holdings in Chubb were worth $1,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CB. Berkshire Hathaway Inc acquired a new position in shares of Chubb in the 2nd quarter valued at $11,670,067,000. BlackRock Inc. purchased a new position in Chubb in the 2nd quarter worth $9,913,336,000. GQG Partners LLC acquired a new stake in Chubb during the 2nd quarter worth about $4,250,113,000. Bank of America Corp DE lifted its position in Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after acquiring an additional 147,876 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Chubb by 74.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock worth $1,114,906,000 after acquiring an additional 1,457,992 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on CB shares. Citigroup restated a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. HSBC cut Chubb from a “buy” rating to a “hold” rating and boosted their price objective for the company from $370.00 to $373.00 in a report on Monday, July 6th. Barclays set a $387.00 target price on Chubb in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price target on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Finally, UBS Group boosted their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $360.77.

Chubb Stock Performance

Shares of CB stock opened at $331.21 on Friday. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s 50 day moving average price is $343.03 and its 200-day moving average price is $335.13. The firm has a market cap of $127.78 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.55 and a beta of 0.36.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.14 earnings per share. As a group, equities research analysts predict that Chubb Limited will post 27.35 EPS for the current year.

Chubb Announces Dividend

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

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

Chubb Company Profile

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.