Groupe la Francaise Acquires 20,302 Shares of Chubb Limited $CB

Key Points

• Groupe la Francaise increased its Chubb stake by 34.1% in the second quarter, purchasing 20,302 additional shares for a total holding of 79,780 shares valued at approximately $27.2 million. Institutional investors collectively own 83.81% of Chubb.
• Chubb reported quarterly earnings of $7.26 per share, exceeding the $6.77 consensus estimate, while revenue rose 3.6% year over year. The company also declared a quarterly dividend of $1.02, equivalent to a 1.2% annualized yield.
• Analyst sentiment remains mixed: Chubb has an average “Hold” rating and an average price target of $361, while two company insiders recently sold shares totaling nearly $5 million.

Groupe la Francaise lifted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 34.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,780 shares of the financial services provider's stock after buying an additional 20,302 shares during the period. Groupe la Francaise's holdings in Chubb were worth $27,192,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in shares of Chubb by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider's stock valued at $102,959,000 after purchasing an additional 5,225 shares in the last quarter. Equitable Holdings Inc. acquired a new position in Chubb during the 2nd quarter worth approximately $4,139,000. XXEC Inc. acquired a new position in Chubb during the 2nd quarter worth approximately $26,210,000. Berkshire Hathaway Inc bought a new position in Chubb in the 2nd quarter valued at approximately $11,670,067,000. Finally, National Pension Service lifted its stake in Chubb by 24.4% in the 4th quarter. National Pension Service now owns 1,148,474 shares of the financial services provider's stock valued at $358,462,000 after purchasing an additional 225,515 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In related news, EVP Joseph Wayland sold 8,502 shares of the company'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 value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $4,417,035. This represents a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company's stock.

Chubb Price Performance

CB stock opened at $341.16 on Monday. The company has a market capitalization of $131.62 billion, a P/E ratio of 12.07, a PEG ratio of 1.63 and a beta of 0.37. The company has a fifty day moving average price of $348.27 and a 200-day moving average price of $334.52. 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 52-week low of $265.30 and a 52-week 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, topping the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.14 earnings per share. As a group, equities analysts expect that Chubb Limited will post 27.35 EPS for the current 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 given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb's payout ratio is 14.43%.

Analysts Set New Price Targets

A number of analysts have weighed in on CB shares. Citizens Jmp reaffirmed a "market outperform" rating and set a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Barclays set a $387.00 price target on Chubb in a research note on Tuesday, July 7th. HSBC downgraded Chubb from a "buy" rating to a "hold" rating and raised their price objective for the company from $370.00 to $373.00 in a report on Monday, July 6th. Keefe, Bruyette & Woods upped their target price on Chubb from $374.00 to $389.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. Finally, Weiss Ratings downgraded Chubb from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $361.00.

About Chubb

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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