Chubb Limited $CB Shares Acquired by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial boosted its stake in Chubb by 9.2% to 5,053,497 shares—about 1.28% of the company—worth roughly $1.426 billion per its latest SEC filing.
• Insider sales were sizeable: CEO Evan G. Greenberg sold 15,060 shares for ~$4.99M (a 2.86% reduction) and EVP Timothy A. Boroughs sold 27,817 shares for ~$9.23M (a 70.2% reduction).
• Chubb beat quarterly EPS estimates with $7.52 per share (vs. $6.33 est.), reported year-over-year revenue growth, and announced a $0.97 quarterly dividend (annualized $3.88, ~1.2% yield).

Ameriprise Financial Inc. boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 9.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,053,497 shares of the financial services provider's stock after purchasing an additional 427,512 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.28% of Chubb worth $1,426,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in shares of Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider's stock worth $26,000 after acquiring an additional 56 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb in the second quarter worth approximately $32,000. Cornerstone Planning Group LLC grew its holdings in Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new position in Chubb during the third quarter worth approximately $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 15,060 shares of the firm's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company's stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup increased their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. UBS Group reissued a "neutral" rating and set a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Wells Fargo & Company increased their target price on Chubb from $305.00 to $322.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 5th. Jefferies Financial Group lifted their target price on Chubb from $326.00 to $333.00 and gave the company a "hold" rating in a report on Thursday, February 5th. Finally, Morgan Stanley set a $350.00 price target on Chubb in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Chubb currently has a consensus rating of "Hold" and an average target price of $340.81.

Chubb Price Performance

Chubb stock opened at $329.24 on Friday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The firm has a fifty day moving average of $319.55 and a 200-day moving average of $299.58. The firm has a market capitalization of $128.45 billion, a P/E ratio of 12.80, a PEG ratio of 2.06 and a beta of 0.46. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the business posted $6.02 EPS. The business's quarterly revenue was up 8.9% on a year-over-year basis. As a group, analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb's dividend payout ratio (DPR) is 15.08%.

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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