Caerus Investment Advisors LLC Makes New Investment in Chubb Limited $CB

Caerus Investment Advisors LLC acquired a new stake in Chubb Limited (NYSE:CB) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,739 shares of the financial services provider’s stock, valued at approximately $1,338,000. Chubb makes up about 0.5% of Caerus Investment Advisors LLC’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in Chubb by 96.6% during the third quarter. Sunbelt Securities Inc. now owns 1,878 shares of the financial services provider’s stock worth $530,000 after acquiring an additional 923 shares during the period. Captrust Financial Advisors increased its position in shares of Chubb by 8.9% during the 3rd quarter. Captrust Financial Advisors now owns 73,693 shares of the financial services provider’s stock valued at $20,800,000 after purchasing an additional 6,005 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Chubb during the 3rd quarter valued at $67,968,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Chubb during the 3rd quarter worth $93,000. Finally, Stance Capital LLC boosted its holdings in shares of Chubb by 394.5% in the 3rd quarter. Stance Capital LLC now owns 12,289 shares of the financial services provider’s stock worth $3,469,000 after buying an additional 9,804 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased 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. Cantor Fitzgerald boosted their target price on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Wells Fargo & Company increased their target price on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Barclays raised their price target on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Finally, Wolfe Research upped their price objective on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $340.81.

Chubb Stock Performance

NYSE:CB opened at $330.97 on Wednesday. The stock has a market cap of $129.13 billion, a P/E ratio of 12.86, a PEG ratio of 2.07 and a beta of 0.46. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $320.28 and its two-hundred day moving average price is $300.56. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.02 earnings per share. As a group, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is currently 15.08%.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is owned by corporate insiders.

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.