S&CO Inc. Invests $6.45 Million in Chubb Limited $CB

Key Points

• S&CO Inc. acquired 18,916 Chubb shares worth approximately $6.45 million in the second quarter, while institutional investors collectively own 83.81% of the insurer.
• Chubb reported quarterly EPS of $7.26, exceeding estimates of $6.77, with revenue rising 3.6% year over year. The company also declared a quarterly dividend of $1.02 per share, representing a 1.2% annualized yield.
• Chubb shares opened at $343.80, below the analyst consensus target of $360.09; overall analyst sentiment remains “Hold,” despite some price-target increases and a Goldman Sachs “Buy” rating.

S&CO Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,916 shares of the financial services provider's stock, valued at approximately $6,445,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kelleher Financial Advisors acquired a new stake in Chubb in the second quarter worth about $34,000. EJMK Ventures LLC bought a new position in shares of Chubb in the second quarter valued at approximately $332,000. GSA Capital Partners LLP bought a new position in Chubb during the 2nd quarter valued at $3,119,000. Avalon Trust Co acquired a new position in shares of Chubb during the 2nd quarter valued at $257,000. Finally, One Wealth Advisors LLC acquired a new stake in shares of Chubb in the second quarter valued at $1,382,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 0.2%

Shares of NYSE CB opened at $343.80 on Friday. Chubb Limited has a 12 month low of $265.30 and a 12 month high of $365.91. The company has a market cap of $132.64 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. 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 business has a fifty day simple moving average of $344.31 and a 200-day simple moving average of $331.99.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts' consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.Chubb's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $6.14 EPS. Sell-side analysts predict that Chubb Limited will post 27.45 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb's dividend payout ratio is currently 14.43%.

Insider Activity

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on CB shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of Chubb from $362.00 to $386.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded shares of Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, June 29th. Morgan Stanley increased their target price on shares of Chubb from $330.00 to $340.00 and gave the company an "equal weight" rating in a research note on Monday, July 6th. Finally, Piper Sandler raised their target price on shares of Chubb from $340.00 to $374.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $360.09.

About Chubb

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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