Swiss Life Asset Management Ltd Purchases 4,081 Shares of Chubb Limited $CB

Key Points

• Swiss Life Asset Management Ltd boosted its Chubb stake by 9.5%, buying 4,081 shares to hold 47,163 shares valued at $13.312 million, while institutional investors collectively own about 83.81% of the stock.
• Insiders have been net sellers recently — Director Olivier Steimer sold 2,000 shares and CEO Evan G. Greenberg sold 15,060 shares; insiders sold 44,877 shares worth roughly $14.89 million over the past three months and now own 0.77% of the company.
• Chubb topped quarterly EPS estimates ($7.52 vs. $6.33), trades at a P/E of 12.55 with a market cap near $126 billion, and announced a quarterly dividend of $0.97 (annualized $3.88, yield 1.2%) payable April 6 (ex-dividend March 13).

Swiss Life Asset Management Ltd boosted its position in Chubb Limited (NYSE:CB - Free Report) by 9.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,163 shares of the financial services provider's stock after buying an additional 4,081 shares during the quarter. Swiss Life Asset Management Ltd's holdings in Chubb were worth $13,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Westbourne Investment Advisors Inc. boosted its holdings in Chubb by 12.3% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider's stock worth $6,275,000 after buying an additional 2,427 shares during the period. Sivia Capital Partners LLC raised its holdings in Chubb by 166.3% during the 3rd quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider's stock valued at $1,046,000 after acquiring an additional 2,315 shares during the period. Caprock Group LLC purchased a new stake in shares of Chubb during the third quarter worth $3,123,000. Liberty One Investment Management LLC purchased a new stake in shares of Chubb during the third quarter worth $51,167,000. Finally, Cooke & Bieler LP boosted its holdings in shares of Chubb by 21.3% in the third quarter. Cooke & Bieler LP now owns 606,011 shares of the financial services provider's stock worth $171,047,000 after acquiring an additional 106,237 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares in the company, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer directly owned 511,576 shares of the company's stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 44,877 shares of company stock worth $14,885,226. Insiders own 0.77% of the company's stock.

Chubb Price Performance

NYSE:CB opened at $322.86 on Friday. The firm has a market capitalization of $125.97 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 2.03 and a beta of 0.46. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The stock has a fifty day moving average of $321.25 and a 200 day moving average of $301.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts' consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period in the prior year, the company earned $6.02 EPS. The company's quarterly revenue was up 8.9% compared to the same quarter last year. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb's payout ratio is presently 15.08%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CB. Evercore lifted their price target on Chubb from $346.00 to $347.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. UBS Group reissued a "neutral" rating and set a $340.00 price objective on shares of Chubb in a report on Monday, February 9th. Keefe, Bruyette & Woods lifted their target price on Chubb from $355.00 to $373.00 and gave the company an "outperform" rating in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price target on Chubb from $327.00 to $330.00 and gave the company a "neutral" rating in a research report on Wednesday, February 4th. Finally, BMO Capital Markets increased their price target on shares of Chubb from $283.00 to $326.00 and gave the stock a "market perform" rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $340.81.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.