MASTERINVEST Kapitalanlage GmbH Buys Shares of 20,374 Chubb Limited $CB

Key Points

• MASTERINVEST Kapitalanlage GmbH purchased 20,374 Chubb shares worth approximately $6.94 million in the second quarter. Institutional investors collectively own 83.81% of Chubb, including a newly acquired $11.67 billion stake by Berkshire Hathaway.
• Analysts maintain a generally neutral view, with Chubb carrying a consensus “Hold” rating and an average price target of $361. Goldman Sachs rated the stock a buy with a $386 target, while several other firms raised or maintained targets in the $337–$374 range.
• Chubb exceeded quarterly earnings expectations, reporting $7.26 in EPS versus the $6.77 consensus estimate, 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% annual yield.

MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,374 shares of the financial services provider's stock, valued at approximately $6,942,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in Chubb by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider's stock worth $102,959,000 after buying an additional 5,225 shares during the period. National Pension Service grew its position in shares of 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 buying an additional 225,515 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Chubb by 884.1% in the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider's stock valued at $3,108,000 after buying an additional 8,947 shares during the period. Berkshire Hathaway Inc acquired a new stake in shares of Chubb in the second quarter valued at about $11,670,067,000. Finally, Bessemer Group Inc. raised its position in shares of Chubb by 16.8% during the first quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider's stock worth $5,424,000 after acquiring an additional 2,389 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on CB shares. UBS Group upped their target price on Chubb from $340.00 to $369.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Cantor Fitzgerald raised their price target on shares of Chubb from $318.00 to $337.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Wells Fargo & Company dropped their price target on shares of Chubb from $358.00 to $356.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 23rd. The Goldman Sachs Group upped their price objective on shares of Chubb from $362.00 to $386.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Finally, Evercore reiterated an "outperform" rating and set a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $361.00.

Insider Buying and Selling

In related news, Director Michael P. Connors sold 5,500 shares of the stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction 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 completion of the transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by corporate insiders.

Chubb Price Performance

CB stock opened at $338.19 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The company's 50-day moving average is $347.13 and its 200-day moving average is $333.92. The stock has a market capitalization of $130.47 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 1.67 and a beta of 0.39. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts' consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $6.14 EPS. Equities research analysts expect that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Dividend Announcement

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