Quantbot Technologies LP Takes $3.67 Million Position in Chubb Limited $CB

Key Points

• Quantbot Technologies LP acquired 10,763 Chubb shares in the second quarter, valued at approximately $3.67 million. Institutional investors collectively own 83.81% of the insurer.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $361; individual targets range from $354 to $374.
• Chubb reported quarterly EPS of $7.26, exceeding estimates of $6.77, while revenue rose 3.6% year over year. The company also declared a quarterly dividend of $1.02, representing a 1.2% annualized yield.

Quantbot Technologies LP acquired a new position in Chubb Limited (NYSE:CB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,763 shares of the financial services provider's stock, valued at approximately $3,667,000.

A number of other large investors have also recently bought and sold shares of the company. XXEC Inc. purchased a new position in Chubb during the 2nd quarter worth approximately $228,226,000. Berkshire Hathaway Inc increased its stake in shares of Chubb by 9.3% in 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 acquiring an additional 2,916,288 shares during the period. BlackRock Inc. acquired a new stake in shares of Chubb in the second quarter worth $9,913,336,000. State Street Corp raised its holdings in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider's stock worth $4,827,852,000 after purchasing an additional 68,553 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider's stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the business'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 value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company's stock, valued at $65,370,056.22. This trade represents 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.

Analyst Ratings Changes

A number of research firms recently issued reports on CB. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $354.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. UBS Group lifted their price objective on Chubb from $340.00 to $369.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Citigroup reissued a "market outperform" rating on shares of Chubb in a report on Wednesday, July 22nd. HSBC downgraded Chubb from a "buy" rating to a "hold" rating and upped their target price for the stock from $370.00 to $373.00 in a research note on Monday, July 6th. Finally, Evercore reaffirmed an "outperform" rating and set a $374.00 target price on shares of Chubb in a report on Friday, July 10th. Two investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $361.00.

Chubb Stock Up 0.0%

CB stock opened at $341.15 on Monday. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm's fifty day moving average is $345.88 and its 200 day moving average is $333.46. The firm has a market cap of $131.62 billion, a PE ratio of 12.07, a P/E/G ratio of 1.65 and a beta of 0.39.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data 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. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the prior year, the firm posted $6.14 earnings per share. The company's revenue was up 3.6% compared to the same quarter last year. On average, research analysts forecast that Chubb Limited will post 27.49 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb's payout ratio is currently 14.43%.

Chubb Company 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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