Pallas Capital Advisors LLC Buys 3,032 Shares of Chubb Limited $CB

Pallas Capital Advisors LLC raised its position in shares of Chubb Limited (NYSE:CB) by 43.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,010 shares of the financial services provider’s stock after acquiring an additional 3,032 shares during the period. Pallas Capital Advisors LLC’s holdings in Chubb were worth $2,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D grew its holdings in Chubb by 0.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 131,289 shares of the financial services provider’s stock valued at $37,056,000 after buying an additional 976 shares in the last quarter. GenTrust LLC acquired a new stake in shares of Chubb during the third quarter worth $256,000. DDD Partners LLC boosted its position in shares of Chubb by 3.2% in the third quarter. DDD Partners LLC now owns 72,979 shares of the financial services provider’s stock valued at $20,598,000 after acquiring an additional 2,230 shares during the period. Naviter Wealth LLC grew its stake in shares of Chubb by 21.2% in the third quarter. Naviter Wealth LLC now owns 1,345 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 235 shares in the last quarter. Finally, Hi Line Capital Management LLC increased its position in Chubb by 3.4% during the third quarter. Hi Line Capital Management LLC now owns 30,207 shares of the financial services provider’s stock worth $8,555,000 after acquiring an additional 991 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 54,307 shares of company stock valued at $17,611,016. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CB. Wolfe Research boosted their price objective on shares of Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Raymond James Financial lifted their price target on shares of Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research report on Monday, February 9th. Jefferies Financial Group increased their price target on Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. UBS Group reaffirmed a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a report on Monday, February 9th. Finally, Mizuho upped their target price on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $340.09.

Chubb Stock Down 2.4%

NYSE CB opened at $324.57 on Tuesday. The business has a fifty day moving average price of $311.26 and a two-hundred day moving average price of $291.80. The stock has a market capitalization of $127.73 billion, a PE ratio of 12.61, a PEG ratio of 2.07 and a beta of 0.49. Chubb Limited has a fifty-two week low of $263.14 and a fifty-two week high of $335.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27.

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

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio is currently 15.08%.

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.