Amundi Grows Stake in Chubb Limited $CB

Amundi raised its position in shares of Chubb Limited (NYSE:CB) by 7.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,252,882 shares of the financial services provider’s stock after purchasing an additional 90,079 shares during the quarter. Amundi owned 0.31% of Chubb worth $350,907,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1248 Management LLC purchased a new stake in shares of Chubb during the 1st quarter valued at about $31,000. VSM Wealth Advisory LLC purchased a new position in shares of Chubb during the 2nd quarter valued at about $32,000. WPG Advisers LLC bought a new position in shares of Chubb in the first quarter worth approximately $33,000. Maseco LLP bought a new position in Chubb in the 2nd quarter worth $35,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Chubb by 391.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 94 shares during the period. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CB shares. BMO Capital Markets reiterated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research note on Thursday, October 23rd. Keefe, Bruyette & Woods lifted their target price on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Evercore ISI increased their target price on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus price target of $308.32.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the sale, the executive vice president owned 12,660 shares in the company, valued at $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 over the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Chubb Stock Performance

CB opened at $294.99 on Friday. The firm has a fifty day moving average price of $286.28 and a 200 day moving average price of $281.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The stock has a market cap of $116.09 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.37 and a beta of 0.51.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the firm earned $5.72 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

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.