Compagnie Lombard Odier SCmA Decreases Position in Chubb Limited $CB

Key Points

• Compagnie Lombard Odier SCmA significantly reduced its holdings in Chubb Limited by 90.3% in Q2, selling 49,241 shares, leaving it with just 5,277 shares valued at $1.53 million.
• Analysts recently provided mixed ratings for Chubb, with HSBC downgrading the stock from "buy" to "hold," while Citigroup maintained a "buy" rating with a $326 price target.
• Chubb announced a quarterly dividend of $0.97 per share, which is slated for payment on October 3rd, yielding an annualized dividend of 1.4%.

Compagnie Lombard Odier SCmA decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 90.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,277 shares of the financial services provider's stock after selling 49,241 shares during the period. Compagnie Lombard Odier SCmA's holdings in Chubb were worth $1,529,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Modern Wealth Management LLC raised its holdings in Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock valued at $744,000 after acquiring an additional 143 shares during the last quarter. Legato Capital Management LLC increased its holdings in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock worth $3,080,000 after buying an additional 5,582 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider's stock worth $2,470,000 after buying an additional 7,065 shares during the last quarter. Davis Rea LTD. acquired a new stake in shares of Chubb during the 1st quarter worth approximately $5,117,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Chubb by 3.3% during the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock worth $13,070,000 after buying an additional 1,375 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CB shares. HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and cut their price target for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Cantor Fitzgerald raised shares of Chubb to a "hold" rating in a research report on Wednesday, August 13th. Wolfe Research raised shares of Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Finally, Citigroup started coverage on shares of Chubb in a research report on Wednesday, August 13th. They set a "buy" rating and a $326.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $303.06.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares of the company's stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Corbat purchased 425 shares of the firm's stock in a transaction on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of CB stock opened at $272.99 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The stock has a market capitalization of $108.84 billion, a PE ratio of 12.04, a P/E/G ratio of 3.09 and a beta of 0.56. The firm has a 50 day moving average of $273.62 and a two-hundred day moving average of $282.86.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. During the same quarter last year, the company posted $5.38 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. On average, research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb's dividend payout ratio (DPR) is currently 17.12%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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