XTX Topco Ltd Makes New Investment in Chubb Limited (NYSE:CB)

XTX Topco Ltd purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,253 shares of the financial services provider’s stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Guardian Wealth Advisors LLC purchased a new position in shares of Chubb in the first quarter worth approximately $25,000. ICA Group Wealth Management LLC bought a new position in Chubb in the fourth quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Chubb in the 4th quarter worth $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Chubb in the 4th quarter worth $47,000. Finally, Almanack Investment Partners LLC. bought a new position in Chubb in the 3rd quarter worth $52,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 10,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $201.01, for a total value of $2,010,100.00. Following the sale, the chief operating officer now owns 265,184 shares of the company’s stock, valued at $53,304,635.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Chubb news, Director Theodore Shasta sold 699 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $201.94, for a total transaction of $141,156.06. Following the completion of the transaction, the director now owns 14,511 shares in the company, valued at $2,930,351.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John W. Keogh sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $201.01, for a total value of $2,010,100.00. Following the completion of the sale, the chief operating officer now owns 265,184 shares in the company, valued at $53,304,635.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,534 shares of company stock worth $4,645,275. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 price objective on shares of Chubb in a research note on Tuesday, August 29th. Piper Sandler dropped their price target on shares of Chubb from $248.00 to $237.00 in a research report on Thursday, July 6th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $241.00 to $250.00 in a research report on Thursday, July 6th. StockNews.com started coverage on shares of Chubb in a report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Morgan Stanley boosted their price objective on Chubb from $192.00 to $209.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.79.

Chubb Trading Up 0.3 %

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

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $4.92 EPS for the quarter, topping 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 business had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $11.24 billion. During the same period last year, the company posted $4.20 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that Chubb Limited will post 18.18 earnings per share for the current fiscal year.

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

Chubb Dividend Announcement

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

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