111 Capital Purchases 3,281 Shares of Chubb Limited $CB

111 Capital grew its position in shares of Chubb Limited (NYSE:CB) by 242.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,636 shares of the financial services provider’s stock after purchasing an additional 3,281 shares during the period. 111 Capital’s holdings in Chubb were worth $1,309,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CB. Brighton Jones LLC raised its holdings in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $205,000. Woodline Partners LP increased its position in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 175 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Chubb by 68.3% during the second quarter. Hantz Financial Services Inc. now owns 468 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $340.29 on Monday. The company has a market capitalization of $133.92 billion, a P/E ratio of 13.23, a PEG ratio of 2.17 and a beta of 0.46. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $342.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. The stock has a 50 day moving average price of $315.97 and a two-hundred day moving average price of $295.86.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $6.02 earnings per share. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 13th. Chubb’s dividend payout ratio is currently 15.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CB shares. UBS Group reissued a “neutral” rating and issued a $340.00 price target on shares of Chubb in a report on Monday, February 9th. Wolfe Research increased their target price on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Roth Mkm raised their price target on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Raymond James Financial lifted their price target on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 9th. Finally, Evercore increased their price objective on Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $340.81.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 511,576 shares in the company, 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. 0.86% of the stock is 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.