Bridgefront Capital LLC Purchases Shares of 3,300 Chubb Limited $CB

Key Points

• Bridgefront Capital purchased a new stake of 3,300 shares in Chubb during Q3, valued at about $931,000 according to its recent 13F filing.
• Large institutions dominate ownership—Vanguard holds ~36.74 million shares and Berkshire Hathaway increased its position to ~31.33 million shares (adding ~4.3 million), with institutions/hedge funds owning ~83.8% of the stock.
• Chubb beat quarterly expectations with EPS of $7.52 and 8.9% YoY revenue growth, and announced a quarterly dividend of $0.97 (annualized yield ~1.2%).

Bridgefront Capital LLC purchased a new stake in Chubb Limited (NYSE:CB - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,300 shares of the financial services provider's stock, valued at approximately $931,000.

A number of other institutional investors and hedge funds have also modified their holdings of CB. Vanguard Group Inc. grew its stake in Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider's stock valued at $10,643,993,000 after buying an additional 210,053 shares during the last quarter. Berkshire Hathaway Inc raised its holdings in Chubb by 15.9% in the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider's stock worth $8,843,710,000 after acquiring an additional 4,299,111 shares during the period. Ameriprise Financial Inc. lifted its position in Chubb by 9.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,053,497 shares of the financial services provider's stock worth $1,426,475,000 after acquiring an additional 427,512 shares during the last quarter. Bank of America Corp DE boosted its holdings in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock valued at $1,428,278,000 after acquiring an additional 513,852 shares during the period. Finally, Norges Bank bought a new stake in Chubb during the second quarter valued at about $1,195,137,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the business's stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by insiders.

Chubb Stock Down 0.1%

NYSE CB opened at $329.24 on Friday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The stock has a market cap of $128.45 billion, a PE ratio of 12.80, a PEG ratio of 2.06 and a beta of 0.46. The firm has a 50-day simple moving average of $319.55 and a 200 day simple moving average of $299.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $6.02 earnings per share. On average, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a $0.97 dividend. This represents a $3.88 annualized dividend 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%.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. UBS Group reiterated a "neutral" rating and issued a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Roth Mkm increased their target price on Chubb from $330.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. Raymond James Financial raised their target price on Chubb from $340.00 to $380.00 and gave the company a "strong-buy" rating in a report on Monday, February 9th. Bank of America dropped their price target on Chubb from $279.00 to $259.00 and set an "underperform" rating on the stock in a research report on Friday, January 16th. Finally, Jefferies Financial Group upped their price target on Chubb from $326.00 to $333.00 and gave the stock a "hold" rating in a report on Thursday, February 5th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $340.81.

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.

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