Chubb Limited $CB is Altrinsic Global Advisors LLC’s Largest Position

Altrinsic Global Advisors LLC reduced its holdings in shares of Chubb Limited (NYSE:CB) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,355,449 shares of the financial services provider’s stock after selling 37,397 shares during the quarter. Chubb makes up 14.1% of Altrinsic Global Advisors LLC’s investment portfolio, making the stock its biggest holding. Altrinsic Global Advisors LLC owned about 0.34% of Chubb worth $382,575,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its holdings in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in Chubb during the second quarter worth approximately $32,000. Cornerstone Planning Group LLC lifted its position in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Mizuho boosted their target price on Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Wolfe Research upped their target price on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Morgan Stanley set a $350.00 price target on Chubb in a research note on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $340.81.

Chubb Trading Down 0.1%

Shares of Chubb stock opened at $329.24 on Friday. The firm has a market cap of $128.45 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The company’s 50-day simple moving average is $319.55 and its 200-day simple moving average is $299.58. 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 released its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the prior year, the business posted $6.02 earnings per share. Chubb’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is currently 15.08%.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.77% of the company’s stock.

Chubb Company 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.