Point72 Europe London LLP Has $6.95 Million Stock Holdings in Chubb Limited $CB

Key Points

• Point72 Europe London LLP increased its holdings in Chubb Limited by 215.1% in the first quarter, now owning shares valued at approximately $6.95 million.
• Chubb reported an EPS of $6.14 for its last quarter, surpassing analyst expectations, with a revenue of $14.20 billion, marking a 6.3% year-over-year increase.
• The company declared a quarterly dividend of $0.97 per share, with a 1.4% dividend yield, signaling stability amidst significant institutional investor interest.

Point72 Europe London LLP lifted its holdings in Chubb Limited (NYSE:CB - Free Report) by 215.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 23,000 shares of the financial services provider's stock after purchasing an additional 15,700 shares during the quarter. Point72 Europe London LLP's holdings in Chubb were worth $6,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CB. Brighton Jones LLC grew its position in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Chubb in the 4th quarter valued at approximately $205,000. Bank Pictet & Cie Europe AG bought a new position in shares of Chubb during the 4th quarter worth approximately $1,320,000. Aquatic Capital Management LLC acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $456,000. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Chubb by 28.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,845 shares of the financial services provider's stock valued at $2,444,000 after purchasing an additional 1,975 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.7%

CB opened at $275.12 on Friday. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $275.77 and a 200 day moving average price of $282.77. The company has a market cap of $109.69 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.38 EPS. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb's dividend payout ratio (DPR) is currently 17.12%.

Chubb declared that its board has authorized a share buyback program on Thursday, May 15th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CB shares. UBS Group lowered their price objective on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Morgan Stanley dropped their price objective on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 price objective on the stock. in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods upped their price objective on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $302.00.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the sale, the insider owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John W. Keogh sold 9,794 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at $72,526,158.62. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.77% of the company's stock.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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