Chubb Limited (NYSE:CB) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in shares of Chubb Limited (NYSE:CB) by 83.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,413 shares of the financial services provider’s stock after buying an additional 1,100 shares during the period. Two Sigma Advisers LP’s holdings in Chubb were worth $667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Teza Capital Management LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $6,943,000. Tidal Investments LLC boosted its position in shares of Chubb by 57.2% during the 4th quarter. Tidal Investments LLC now owns 93,583 shares of the financial services provider’s stock worth $25,857,000 after purchasing an additional 34,051 shares during the period. TrinityPoint Wealth LLC boosted its position in shares of Chubb by 1,021.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 8,834 shares of the financial services provider’s stock worth $2,441,000 after purchasing an additional 8,046 shares during the period. State of Wyoming boosted its position in shares of Chubb by 726.2% during the 4th quarter. State of Wyoming now owns 1,925 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 1,692 shares during the period. Finally, Scissortail Wealth Management LLC boosted its position in shares of Chubb by 4,837.2% during the 4th quarter. Scissortail Wealth Management LLC now owns 19,354 shares of the financial services provider’s stock worth $5,347,000 after purchasing an additional 18,962 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. Keogh sold 85,083 shares of Chubb stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $290.24, for a total transaction of $24,694,489.92. Following the sale, the chief operating officer now owns 237,728 shares in the company, valued at $68,998,174.72. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,553 shares of company stock worth $40,387,620 in the last ninety days. 0.77% of the stock is owned by corporate insiders.

Chubb Price Performance

Chubb stock opened at $296.68 on Wednesday. The stock has a market cap of $118.89 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The company has a fifty day simple moving average of $288.10 and a 200-day simple moving average of $281.56. Chubb Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb announced that its Board of Directors has approved a share repurchase plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a dividend of $0.97 per share. This is a positive change from Chubb’s previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, June 13th. Chubb’s dividend payout ratio (DPR) is currently 18.67%.

Analysts Set New Price Targets

CB has been the subject of a number of research analyst reports. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Morgan Stanley increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Piper Sandler increased their price objective on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company raised their price target on shares of Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $307.53.

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