Chubb Limited $CB Shares Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group increased its Chubb stake by 2,128.3% in the second quarter, acquiring 129,807 additional shares for a total holding worth approximately $46.3 million. Institutional investors collectively own 83.81% of Chubb’s stock.
• Chubb reported quarterly adjusted EPS of $7.26, exceeding analysts’ $6.77 estimate, while revenue rose 3.6% year over year to $11.97 billion. Analysts expect full-year EPS of approximately $27.35.
• Wall Street maintains a generally neutral view, with an average “Hold” rating and a $361 price target versus the stock’s recent $340.34 price. Chubb also declared a quarterly dividend of $1.02, representing a 1.2% annualized yield.

Alyeska Investment Group L.P. increased its holdings in Chubb Limited (NYSE:CB - Free Report) by 2,128.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 135,906 shares of the financial services provider's stock after acquiring an additional 129,807 shares during the period. Alyeska Investment Group L.P.'s holdings in Chubb were worth $46,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. IMG Wealth Management Inc. purchased a new stake in shares of Chubb in the 2nd quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in Chubb in the second quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC raised its position in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 49 shares during the period. Parvin Asset Management LLC acquired a new position in Chubb during the second quarter worth $26,000. Finally, Frazier Financial Advisors LLC lifted its stake in Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity at Chubb

In related news, Director Michael P. Connors sold 5,500 shares of Chubb stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CB. Wells Fargo & Company cut their price objective on Chubb from $358.00 to $356.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Cantor Fitzgerald raised their target price on Chubb from $318.00 to $337.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Mizuho lifted their target price on Chubb from $335.00 to $352.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. The Goldman Sachs Group boosted their price target on shares of Chubb from $362.00 to $386.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Chubb from $340.00 to $370.00 and gave the stock a "neutral" rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $361.00.

Chubb Price Performance

Chubb stock opened at $340.34 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $347.46 and a 200-day simple moving average of $334.02. The stock has a market cap of $131.30 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the prior year, the company posted $6.14 earnings per share. Chubb's revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts expect that Chubb Limited will post 27.35 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb's dividend payout ratio is currently 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.

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