Arrowstreet Capital Limited Partnership Increases Holdings in Chubb Limited $CB

Arrowstreet Capital Limited Partnership boosted its position in Chubb Limited (NYSE:CB) by 488.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,387 shares of the financial services provider’s stock after buying an additional 115,718 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Chubb were worth $40,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Chubb Price Performance

Shares of Chubb stock opened at $294.99 on Friday. The business has a 50 day moving average of $286.28 and a 200 day moving average of $281.77. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a market cap of $116.09 billion, a PE ratio of 12.31, a P/E/G ratio of 3.37 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

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

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CB shares. JPMorgan Chase & Co. boosted their target price on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Jefferies Financial Group boosted their price objective on Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. Barclays lifted their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $283.00 price target on shares of Chubb in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $308.32.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares in the company, valued at $467,876.15. This trade represents a 34.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock worth $16,629,873 over the last three months. Company insiders own 0.77% of the company’s stock.

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