Chubb Limited $CB Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC raised its stake in Chubb by 3.7% to 750,539 shares (about $211.84 million), amid overall high institutional ownership of 83.81% including large positions from Vanguard and a new Norges Bank stake.
• Chubb beat quarterly EPS expectations with $7.52 versus $6.33 estimated and reported revenue up 8.9% year-over-year, and the company announced a $0.97 quarterly dividend ($3.88 annual, 1.2% yield; ex-dividend March 13).
• Wall Street is mixed: the consensus rating is a "Hold" with an average price target of $340.81, while analyst opinions range from Strong Buy to Sell (1 Strong Buy, 9 Buy, 11 Hold, 1 Sell).

Natixis Advisors LLC lifted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 750,539 shares of the financial services provider's stock after buying an additional 26,893 shares during the quarter. Natixis Advisors LLC owned about 0.19% of Chubb worth $211,840,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Chubb by 0.6% in the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider's stock valued at $10,643,993,000 after acquiring an additional 210,053 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Chubb by 0.3% in the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider's stock valued at $2,541,771,000 after acquiring an additional 30,721 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 valued at $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. Norges Bank purchased a new stake in shares of Chubb in the second quarter valued at approximately $1,195,137,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Chubb by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,253,607 shares of the financial services provider's stock worth $652,915,000 after purchasing an additional 18,820 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CB shares. UBS Group reaffirmed a "neutral" rating and issued a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $355.00 to $373.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Cantor Fitzgerald increased their target price on Chubb from $300.00 to $309.00 and gave the company a "neutral" rating in a report on Wednesday, January 14th. Evercore raised their price target on shares of Chubb from $346.00 to $347.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Chubb from $303.00 to $304.00 and gave the company a "hold" rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $340.81.

Chubb Trading Down 1.4%

Shares of CB stock opened at $327.86 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $127.92 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. The firm's 50 day moving average price is $318.20 and its two-hundred day moving average price is $297.84. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

Chubb (NYSE:CB - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.02 EPS. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the business's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the business's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.77% of the company's stock.

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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