Elevate Capital Advisors LLC Makes New $822,000 Investment in Chubb Limited $CB

Elevate Capital Advisors LLC purchased a new stake in Chubb Limited (NYSE:CB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,913 shares of the financial services provider’s stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC increased its holdings in Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after acquiring an additional 35 shares in the last quarter. Sky Investment Group LLC grew its position in shares of Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC grew its position in shares of Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares during the last quarter. JT Stratford LLC increased its stake in shares of Chubb by 3.5% during the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 38 shares in the last quarter. Finally, Jacobsen Capital Management raised its position in shares of Chubb by 5.3% during the 2nd quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $300.83 on Thursday. The company has a market cap of $118.39 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.14 and a beta of 0.51. The firm’s 50 day moving average is $302.60 and its two-hundred day moving average is $285.74. Chubb Limited has a fifty-two week low of $263.14 and a fifty-two week high of $316.94. 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 announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.72 EPS. Analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group increased their target price on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, October 22nd. The Goldman Sachs Group raised shares of Chubb from a “neutral” rating to a “buy” rating and boosted their target price for the company from $309.00 to $351.00 in a research note on Wednesday, January 7th. Barclays upped their target price on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. Finally, Evercore ISI reiterated an “outperform” rating and set a $346.00 price target on shares of Chubb in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $319.00.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 12,660 shares in the company, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock worth $16,629,873 in the last three months. 0.77% of the stock is currently owned by company insiders.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.