Ossiam Has $1.58 Million Stock Holdings in Chubb Limited (NYSE:CB)

Ossiam lowered its position in Chubb Limited (NYSE:CB) by 20.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,134 shares of the financial services provider’s stock after selling 2,090 shares during the period. Ossiam’s holdings in Chubb were worth $1,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new stake in shares of Chubb in the fourth quarter valued at about $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Chubb in the fourth quarter valued at about $27,000. Guardian Wealth Advisors LLC purchased a new stake in shares of Chubb in the first quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Chubb in the fourth quarter valued at about $47,000. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of Chubb in the third quarter valued at about $52,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CB. Piper Sandler decreased their price objective on shares of Chubb from $248.00 to $237.00 in a report on Thursday, July 6th. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Chubb in a report on Tuesday, August 29th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $241.00 to $250.00 in a report on Thursday, July 6th. StockNews.com began coverage on shares of Chubb in a report on Thursday, August 17th. They set a “buy” rating for the company. Finally, JMP Securities restated a “market outperform” rating and set a $250.00 price objective on shares of Chubb in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $242.79.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 8,398 shares of Chubb stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $211.74, for a total transaction of $1,778,192.52. Following the completion of the sale, the insider now directly owns 154,049 shares in the company, valued at $32,618,335.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Chubb news, insider John J. Lupica sold 8,398 shares of Chubb stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $211.74, for a total transaction of $1,778,192.52. Following the transaction, the insider now directly owns 154,049 shares of the company’s stock, valued at $32,618,335.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 1,187 shares of Chubb stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $211.81, for a total transaction of $251,418.47. Following the transaction, the chief accounting officer now directly owns 13,234 shares in the company, valued at $2,803,093.54. The disclosure for this sale can be found here. Insiders sold a total of 22,534 shares of company stock worth $4,645,275 over the last three months. 0.37% of the stock is owned by insiders.

Chubb Price Performance

CB stock opened at $204.67 on Monday. The firm has a 50 day moving average of $199.17 and a 200-day moving average of $197.38. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.26. Chubb Limited has a 12 month low of $173.78 and a 12 month high of $231.37. The firm has a market capitalization of $84.06 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.12 and a beta of 0.65.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.51. Chubb had a net margin of 12.47% and a return on equity of 13.56%. The company had revenue of $10.68 billion during the quarter, compared to analyst estimates of $11.24 billion. During the same period last year, the business earned $4.20 earnings per share. Chubb’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Limited will post 18.18 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 15th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.44 annualized dividend and a yield of 1.68%. Chubb’s payout ratio is presently 24.71%.

Chubb declared that its board has approved a stock repurchase program on Monday, June 12th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Chubb Company 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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.