Machina Capital S.A.S. Has $7.20 Million Holdings in Chubb Limited $CB

Machina Capital S.A.S. grew its holdings in Chubb Limited (NYSE:CB) by 1,303.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,501 shares of the financial services provider’s stock after purchasing an additional 23,684 shares during the quarter. Chubb comprises about 1.3% of Machina Capital S.A.S.’s investment portfolio, making the stock its 4th largest position. Machina Capital S.A.S.’s holdings in Chubb were worth $7,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Mitchell & Pahl Private Wealth LLC raised its stake in shares of Chubb by 0.5% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after acquiring an additional 35 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Chubb by 7.4% during the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 36 shares during the last quarter. Covestor Ltd increased its holdings in shares of Chubb by 26.1% in the third quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 37 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in shares of Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares in the last quarter. Finally, JT Stratford LLC raised its position in Chubb by 3.5% in the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 38 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Morgan Stanley set a $350.00 target price on Chubb in a research report on Friday, January 16th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $324.00.

Insider Activity

In related news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60. Following the sale, the executive vice president directly owned 12,660 shares in the company, valued at $3,749,512.20. The trade was a 45.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,635 shares of company stock valued at $9,970,735 in the last quarter. Company insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $313.31 on Wednesday. The stock has a market cap of $123.30 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 2.00 and a beta of 0.49. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $316.94. The stock’s 50-day moving average price is $305.41 and its two-hundred day moving average price is $288.11. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

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 analysts’ consensus estimates of $6.33 by $1.19. The business 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%. Chubb’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company posted $6.02 EPS. On average, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current 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 $0.97 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s payout ratio is 16.19%.

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.