Chubb Limited $CB Stake Boosted by Kintegral Advisory LLC

Key Points

• Kintegral Advisory increased its Chubb stake by 57.5% in the third quarter, bringing its holdings to 31,799 shares valued at approximately $10.3 million. Institutional investors and hedge funds collectively own 83.81% of Chubb.
• Chubb reported quarterly EPS of $7.26, beating estimates by $0.49, while revenue rose 3.6% year over year. The company also pays a quarterly dividend of $1.02, equivalent to a 1.1% annual yield.
• Chubb shares recently traded near their 12-month high at $359.51, but analysts maintain a consensus “Hold” rating with an average price target of $358.36; several insiders also recently sold shares.

Kintegral Advisory LLC boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 57.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,799 shares of the financial services provider's stock after purchasing an additional 11,604 shares during the quarter. Kintegral Advisory LLC's holdings in Chubb were worth $10,343,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of Chubb in the 2nd quarter worth about $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb in the 2nd quarter valued at about $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb in the 2nd quarter valued at about $26,000. Highland Investment Advisors LLC acquired a new position in shares of Chubb in the 2nd quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC grew its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock valued at $27,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Performance

Shares of Chubb stock traded up $6.72 during trading on Friday, hitting $359.51. 1,533,515 shares of the stock were exchanged, compared to its average volume of 1,624,250. The stock's fifty day moving average is $340.44 and its 200 day moving average is $336.38. The stock has a market cap of $138.70 billion, a PE ratio of 12.72, a P/E/G ratio of 1.54 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 12 month low of $266.40 and a 12 month high of $365.91.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $6.14 EPS. As a group, sell-side analysts anticipate that Chubb Limited will post 27.72 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a $1.02 dividend. The ex-dividend date was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb's dividend payout ratio (DPR) is presently 14.43%.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Connors sold 5,500 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director owned 12,803 shares of the company's stock, 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. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Chubb from a "buy (a-)" rating to a "buy (b)" rating in a research note on Friday, October 2nd. Barclays set a $387.00 target price on Chubb in a research note on Tuesday, July 7th. Piper Sandler lifted their target price on Chubb from $340.00 to $374.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. HSBC reaffirmed a "hold" rating and set a $359.00 target price on shares of Chubb in a report on Wednesday, October 7th. Finally, Morgan Stanley dropped their price target on Chubb from $360.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $358.36.

About Chubb

Chubb Limited NYSE: CB is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers' compensation, homeowners insurance, automobile coverage, and specialty insurance.

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