Chubb Limited $CB Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,598,583 shares of the financial services provider’s stock after purchasing an additional 188,134 shares during the period. AQR Capital Management LLC owned about 0.40% of Chubb worth $456,523,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Chubb in the 2nd quarter valued at $1,195,137,000. Altrinsic Global Advisors LLC raised its position in Chubb by 46.9% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after purchasing an additional 444,557 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares in the last quarter. Strs Ohio acquired a new stake in Chubb in the first quarter worth about $69,445,000. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Chubb by 88.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 489,883 shares of the financial services provider’s stock valued at $147,940,000 after buying an additional 229,600 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were 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 of the company’s stock, valued at $467,876.15. The trade was a 34.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,333 shares of company stock valued at $16,629,873 over the last three months. 0.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CB. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. Wells Fargo & Company increased their price objective on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a report on Thursday, October 23rd. Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $309.79.

Chubb Price Performance

NYSE:CB opened at $308.45 on Friday. The stock has a market cap of $121.39 billion, a PE ratio of 12.87, a P/E/G ratio of 3.50 and a beta of 0.51. The business’s 50-day simple moving average is $288.27 and its two-hundred day simple moving average is $282.24. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $308.98. 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 posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share 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 firm had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same period last year, the firm posted $5.72 earnings per share. Chubb’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

About Chubb

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.