GSA Capital Partners LLP Buys Shares of 9,154 Chubb Limited $CB

Key Points

• GSA Capital Partners initiated a position in Chubb by purchasing 9,154 shares valued at approximately $3.1 million. Institutional investors collectively own 83.81% of the insurer.
• Analysts maintain a generally cautious outlook, with Chubb receiving a consensus rating of “Hold” and an average price target of $360.09, compared with its reported $343.80 share price.
• Chubb reported quarterly EPS of $7.26, exceeding expectations of $6.77, while revenue rose 3.6% year over year. The company also declared a quarterly dividend of $1.02 per share, equivalent to a 1.2% yield.

GSA Capital Partners LLP purchased a new position in Chubb Limited (NYSE:CB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,154 shares of the financial services provider's stock, valued at approximately $3,119,000.

A number of other institutional investors have also recently made changes to their positions in CB. Norges Bank bought a new stake in shares of Chubb during the 4th quarter worth $1,081,190,000. Price T Rowe Associates Inc. MD increased its stake in Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider's stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares during the last quarter. Berkshire Hathaway Inc increased its stake in Chubb by 9.3% in the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider's stock valued at $10,689,855,000 after acquiring an additional 2,916,288 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Chubb during the fourth quarter valued at about $795,378,000. Finally, GQG Partners LLC raised its position in Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider's stock valued at $3,895,627,000 after purchasing an additional 1,647,729 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Chubb from $340.00 to $370.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. Barclays set a $387.00 price objective on Chubb in a report on Tuesday, July 7th. Morgan Stanley boosted their target price on Chubb from $330.00 to $340.00 and gave the stock an "equal weight" rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $354.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Finally, Mizuho increased their price target on shares of Chubb from $335.00 to $352.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus price target of $360.09.

Insider Activity

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated 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 in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company's stock.

Chubb Stock Down 0.2%

Shares of NYSE CB opened at $343.80 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91. The firm's fifty day moving average is $344.31 and its 200 day moving average is $331.99. The company has a market cap of $132.64 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts' consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $6.14 EPS. On average, equities research analysts expect that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Announces Dividend

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