4,863 Shares in Chubb Limited $CB Acquired by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,863 shares of the financial services provider’s stock, valued at approximately $1,657,000.

Several other large investors also recently bought and sold shares of CB. Cherry Tree Wealth Management LLC raised its stake in shares of Chubb by 38.3% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after buying an additional 31 shares during the last quarter. Phillips Wealth Planners LLC raised its position in Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 31 shares during the last quarter. Hoxton Planning & Management LLC lifted its holdings in shares of Chubb by 4.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 31 shares in the last quarter. South Plains Financial Inc. grew its position in shares of Chubb by 2.2% in the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 34 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. increased its stake in shares of Chubb by 0.8% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael P. Connors sold 5,500 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CB. Cantor Fitzgerald raised their price target on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. UBS Group upped their price objective on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Morgan Stanley lifted their price objective on Chubb from $340.00 to $360.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Finally, Evercore reaffirmed an “outperform” rating and set a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $361.00.

Chubb Trading Up 0.1%

Shares of CB stock opened at $340.34 on Monday. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The firm’s 50 day moving average price is $347.46 and its two-hundred day moving average price is $334.02. The stock has a market cap of $131.30 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the previous year, the business posted $6.14 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts anticipate that Chubb Limited will post 27.35 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 14.43%.

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.