45,375 Chubb Limited $CB Shares Bought by Americana Partners LLC

Key Points

• Americana Partners dramatically increased its Chubb stake by purchasing 45,375 additional shares in the third quarter, bringing its holdings to 46,247 shares valued at approximately $15.0 million.
• Institutional ownership remains high at 83.81%, with several other investment firms also adding to their positions, including International Assets Investment Management, which increased its holdings by 1,343.8%.
• Chubb reported quarterly results above expectations, posting $7.66 in EPS and $16.20 billion in revenue. Analysts’ average rating is “Hold,” with an average price target of $362.78, while the company maintains a $1.02 quarterly dividend.

Americana Partners LLC increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 5,203.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,247 shares of the financial services provider's stock after acquiring an additional 45,375 shares during the quarter. Americana Partners LLC's holdings in Chubb were worth $15,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Aprio Wealth Management LLC boosted its holdings in shares of Chubb by 4.6% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,853 shares of the financial services provider's stock worth $603,000 after buying an additional 81 shares during the last quarter. Modera Wealth Management LLC increased its holdings in Chubb by 21.2% during the third quarter. Modera Wealth Management LLC now owns 2,655 shares of the financial services provider's stock worth $864,000 after buying an additional 465 shares during the last quarter. Heritage Wealth Management Inc. raised its position in Chubb by 0.5% in the third quarter. Heritage Wealth Management Inc. now owns 12,755 shares of the financial services provider's stock worth $4,149,000 after acquiring an additional 68 shares during the period. International Assets Investment Management LLC raised its position in Chubb by 1,343.8% in the third quarter. International Assets Investment Management LLC now owns 49,810 shares of the financial services provider's stock worth $16,201,000 after acquiring an additional 46,360 shares during the period. Finally, Prosperitas Financial LLC purchased a new position in Chubb in the third quarter valued at about $2,386,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

Shares of CB stock opened at $364.12 on Friday. The stock has a market capitalization of $139.12 billion, a P/E ratio of 12.38, a PEG ratio of 1.68 and a beta of 0.36. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.23. The firm's 50 day moving average is $343.33 and its 200 day moving average is $333.76. Chubb Limited has a 12 month low of $273.35 and a 12 month high of $369.00.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, beating analysts' consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. During the same period in the previous year, the business earned $7.49 EPS. On average, sell-side analysts anticipate that Chubb Limited will post 28.82 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb's dividend payout ratio is 14.28%.

Insider Activity

In other Chubb news, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the completion of the transaction, the executive vice president owned 5,588 shares of the company's stock, valued at $1,993,630.76. The trade was a 70.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Connors sold 5,500 shares of the company's stock in a transaction dated 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 sale, the director 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 disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Citigroup reissued a "buy" rating and set a $405.00 target price (up from $395.00) on shares of Chubb in a research report on Wednesday, October 21st. Keefe, Bruyette & Woods dropped their price objective on Chubb from $389.00 to $387.00 and set an "outperform" rating on the stock in a research note on Monday, October 12th. Cantor Fitzgerald reissued a "neutral" rating and set a $333.00 price objective on shares of Chubb in a report on Wednesday, October 21st. Morgan Stanley raised their target price on Chubb from $350.00 to $360.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Chubb has an average rating of "Hold" and an average target price of $362.78.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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