Munich Reinsurance Co Stock Corp in Munich Invests $2.79 Million in Hubbell Inc $HUBB

Key Points

• Munich Re bought a new stake of 6,494 Hubbell shares valued at about $2.79 million in Q3, while other institutions also increased positions—institutional ownership now stands at roughly 88.16%.
• Analyst sentiment is positive: five Buys and three Holds yield an average "Moderate Buy" rating and an average target price of $529.75, with several firms recently raising targets (e.g., Wells Fargo to $550, Mizuho $575, JPMorgan $532).
• Hubbell slightly beat Q results with EPS of $4.73 (vs. $4.70) and revenue up 11.9% y/y, set FY2026 guidance of $19.15–$19.85 EPS, declared a $1.42 quarterly dividend (annualized $5.68, yield ~1.2%), and insiders sold about 34,689 shares (~$17.4M) in the last three months.

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Hubbell Inc (NYSE:HUBB - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,494 shares of the industrial products company's stock, valued at approximately $2,794,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP grew its holdings in Hubbell by 1.5% during the third quarter. First Trust Advisors LP now owns 416,911 shares of the industrial products company's stock valued at $179,401,000 after purchasing an additional 6,142 shares during the period. Ramirez Asset Management Inc. raised its stake in shares of Hubbell by 193.2% in the third quarter. Ramirez Asset Management Inc. now owns 2,750 shares of the industrial products company's stock valued at $1,183,000 after buying an additional 1,812 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Hubbell by 4.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,809 shares of the industrial products company's stock valued at $2,069,000 after buying an additional 210 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hubbell by 9.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 476,560 shares of the industrial products company's stock valued at $205,055,000 after buying an additional 40,962 shares during the last quarter. Finally, Regents Gate Capital LLP bought a new position in shares of Hubbell during the 3rd quarter worth $1,974,000. 88.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HUBB has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Hubbell from $515.00 to $550.00 and gave the stock an "overweight" rating in a report on Wednesday, February 4th. Mizuho set a $575.00 target price on shares of Hubbell in a research report on Wednesday, February 4th. Barclays lifted their target price on shares of Hubbell from $465.00 to $481.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Hubbell from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. upped their price target on shares of Hubbell from $478.00 to $532.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $529.75.

Hubbell Price Performance

HUBB stock opened at $472.11 on Friday. The firm has a 50 day moving average of $491.37 and a 200-day moving average of $456.10. The firm has a market capitalization of $25.10 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00. Hubbell Inc has a 12 month low of $299.42 and a 12 month high of $533.80. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 earnings per share for the quarter, topping analysts' consensus estimates of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $4.10 EPS. Hubbell's revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, sell-side analysts predict that Hubbell Inc will post 17.63 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. Hubbell's dividend payout ratio is presently 34.07%.

Insider Activity

In related news, insider Mark Eugene Mikes sold 2,601 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $523.73, for a total transaction of $1,362,221.73. Following the completion of the transaction, the insider directly owned 2,592 shares in the company, valued at $1,357,508.16. The trade was a 50.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerben Bakker sold 25,233 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $498.97, for a total value of $12,590,510.01. Following the transaction, the chief executive officer owned 64,420 shares of the company's stock, valued at approximately $32,143,647.40. The trade was a 28.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,689 shares of company stock worth $17,407,395. Company insiders own 0.66% of the company's stock.

Hubbell Company Profile

Hubbell Incorporated NYSE: HUBB is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company's offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.

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