iSAM Funds UK Ltd Boosts Position in Chubb Limited $CB

iSAM Funds UK Ltd boosted its stake in Chubb Limited (NYSE:CB) by 487.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,259 shares of the financial services provider’s stock after purchasing an additional 14,322 shares during the period. Chubb comprises 1.0% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 2nd largest position. iSAM Funds UK Ltd’s holdings in Chubb were worth $4,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CB. Harbor Capital Advisors Inc. grew its holdings in shares of Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC raised its holdings in Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in Chubb during the 2nd quarter valued at $32,000. Cornerstone Planning Group LLC boosted its position in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new stake in Chubb in the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb 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 completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Citigroup increased their target price on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Mizuho raised their target price on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 price objective on shares of Chubb in a research report on Thursday, February 5th. Finally, BMO Capital Markets upped their price objective on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $340.81.

Chubb Trading Down 0.1%

NYSE:CB opened at $329.24 on Friday. The firm has a market capitalization of $128.45 billion, a P/E ratio of 12.80, a PEG ratio of 2.07 and a beta of 0.46. 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 $264.10 and a one year high of $345.67. The company’s 50-day simple moving average is $319.55 and its 200 day simple moving average is $299.38.

Chubb (NYSE:CB) last announced its 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. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter last year, the firm earned $6.02 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be 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 of this dividend is Friday, March 13th. Chubb’s dividend payout ratio (DPR) is 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.