Chubb Limited $CB Stock Position Raised by Mutual Advisors LLC

Mutual Advisors LLC lifted its position in Chubb Limited (NYSE:CB) by 109.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,245 shares of the financial services provider’s stock after buying an additional 3,268 shares during the quarter. Mutual Advisors LLC’s holdings in Chubb were worth $1,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC lifted its stake in Chubb by 9.6% in the third quarter. Transcend Capital Advisors LLC now owns 5,799 shares of the financial services provider’s stock valued at $1,637,000 after acquiring an additional 506 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Chubb by 20.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 878 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 148 shares in the last quarter. Victrix Investment Advisors raised its holdings in Chubb by 0.8% during the third quarter. Victrix Investment Advisors now owns 12,170 shares of the financial services provider’s stock valued at $3,435,000 after buying an additional 100 shares in the last quarter. CWS Financial Advisors LLC lifted its position in shares of Chubb by 22.5% in the third quarter. CWS Financial Advisors LLC now owns 1,775 shares of the financial services provider’s stock worth $501,000 after buying an additional 326 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in shares of Chubb by 17.7% in the third quarter. Frank Rimerman Advisors LLC now owns 5,811 shares of the financial services provider’s stock worth $1,640,000 after buying an additional 875 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CB. Keefe, Bruyette & Woods increased their price objective on Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. BMO Capital Markets restated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a research note on Thursday, October 23rd. Finally, Citizens Jmp raised their target price on shares of Chubb from $325.00 to $350.00 and gave the company a “market outperform” rating in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $324.00.

Chubb Price Performance

NYSE:CB opened at $313.31 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a one year low of $263.14 and a one year high of $316.94. The company has a fifty day moving average price of $305.41 and a 200 day moving average price of $288.11. The stock has a market cap of $123.30 billion, a P/E ratio of 13.08, a PEG ratio of 2.00 and a beta of 0.49.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.02 EPS. Analysts anticipate 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 was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a $0.97 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 850 shares of Chubb 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 sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 33,635 shares of company stock valued at $9,970,735. 0.86% of the stock is owned by corporate 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.