Chubb Limited $CB Shares Purchased by CI Investments Inc.

CI Investments Inc. increased its position in Chubb Limited (NYSE:CB) by 125.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,428 shares of the financial services provider’s stock after buying an additional 1,906 shares during the quarter. CI Investments Inc.’s holdings in Chubb were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc increased its holdings in Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares in the last quarter. State Street Corp grew its stake in Chubb by 0.4% during the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock valued at $4,827,852,000 after purchasing an additional 68,553 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after buying an additional 3,049,987 shares during the last quarter. GQG Partners LLC increased its position in shares of Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after purchasing an additional 1,647,729 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after acquiring an additional 513,852 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Cantor Fitzgerald raised their price target on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Barclays set a $387.00 target price on Chubb in a research report on Tuesday, July 7th. Citizens Jmp reiterated a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research report on Wednesday. Finally, HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and upped their price objective for the company from $370.00 to $373.00 in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $360.09.

Chubb Price Performance

Shares of CB opened at $359.78 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36. The firm has a market cap of $139.55 billion, a PE ratio of 12.73, a PEG ratio of 1.77 and a beta of 0.40. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $365.29. The firm’s 50 day moving average price is $335.55 and its 200 day moving average price is $327.09.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The company had revenue of $16.01 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.14 EPS. As a group, research analysts expect that Chubb Limited will post 27.08 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $1.02 dividend. The ex-dividend date was Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s dividend payout ratio is presently 14.43%.

Chubb Company 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.