Universal Beteiligungs und Servicegesellschaft mbH Has $98.77 Million Stock Position in Chubb Limited $CB

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Chubb Limited (NYSE:CB) by 0.7% in the third quarter, HoldingsChannel reports. The fund owned 349,937 shares of the financial services provider’s stock after purchasing an additional 2,588 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Chubb were worth $98,770,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Westbourne Investment Advisors Inc. boosted its stake in shares of Chubb by 12.3% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock valued at $6,275,000 after purchasing an additional 2,427 shares in the last quarter. Assetmark Inc. raised its position in Chubb by 14.1% in the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after purchasing an additional 8,828 shares during the period. Trifecta Capital Advisors LLC lifted its stake in Chubb by 764.7% in the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 130 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Chubb by 166.3% during the third quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $1,046,000 after buying an additional 2,315 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Chubb by 28.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after buying an additional 12,784 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CB. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Wolfe Research lifted their price target on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Mizuho set a $317.00 price objective on Chubb in a research report on Wednesday, January 14th. Morgan Stanley set a $350.00 target price on shares of Chubb in a report on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.81.

Chubb Price Performance

CB opened at $300.87 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $303.63 and a two-hundred day simple moving average of $286.20. The company has a market cap of $118.41 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.34 and a beta of 0.51. Chubb Limited has a 12-month low of $263.14 and a 12-month high of $316.94.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.72 EPS. Research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the transaction, the executive vice president directly owned 1,585 shares in the company, valued at approximately $467,876.15. The trade was a 34.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 57,333 shares of company stock worth $16,629,873. 0.86% of the stock is owned by insiders.

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.