Osmosis Investment Management UK Ltd acquired a new stake 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 acquired 12,446 shares of the financial services provider's stock, valued at approximately $4,241,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. XXEC Inc. acquired a new stake in shares of Chubb in the second quarter valued at approximately $228,226,000. Berkshire Hathaway Inc grew its position in Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider's stock worth $10,689,855,000 after buying an additional 2,916,288 shares in the last quarter. BlackRock Inc. bought a new position in Chubb during the 2nd quarter worth $9,913,336,000. State Street Corp increased its stake in Chubb by 0.4% during the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider's stock worth $4,827,852,000 after acquiring an additional 68,553 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Chubb by 25.6% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.
Insider Activity at Chubb
In related news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were 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 of the company's stock, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John W. Keogh sold 23,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by corporate insiders.
Chubb Stock Performance
NYSE:CB opened at $341.15 on Monday. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock's 50-day simple moving average is $345.88 and its 200 day simple moving average is $333.46. The firm has a market capitalization of $131.62 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.39.
Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion during 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 business's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.14 earnings per share. On average, analysts anticipate that Chubb Limited will post 27.49 EPS for the current fiscal year.
Chubb Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb's dividend payout ratio is currently 14.43%.
Wall Street Analyst Weigh In
CB has been the subject of a number of analyst reports. Citizens Jmp reaffirmed a "market outperform" rating and issued a $400.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $374.00 to $389.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. Piper Sandler raised their target price on shares of Chubb from $340.00 to $374.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $340.00 to $370.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Finally, UBS Group upped their price target on shares of Chubb from $340.00 to $369.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $361.00.
Read Our Latest Analysis on Chubb
Chubb Company Profile
(
Free Report)
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.
Further Reading
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