Chubb Limited (NYSE:CB) Shares Acquired by Syon Capital LLC

Syon Capital LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,034 shares of the financial services provider’s stock after buying an additional 179 shares during the quarter. Syon Capital LLC’s holdings in Chubb were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its stake in Chubb by 426.8% in the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after buying an additional 13,059,385 shares during the last quarter. Lazard Asset Management LLC raised its position in Chubb by 978.1% in the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after acquiring an additional 495,860 shares in the last quarter. International Assets Investment Management LLC raised its position in Chubb by 19,454.2% in the fourth quarter. International Assets Investment Management LLC now owns 485,336 shares of the financial services provider’s stock worth $1,096,860,000 after acquiring an additional 482,854 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Chubb by 43.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,107,362 shares of the financial services provider’s stock worth $230,531,000 after acquiring an additional 334,970 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its position in Chubb by 155.8% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after acquiring an additional 324,019 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CB. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets lifted their price target on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a report on Monday, February 5th. UBS Group lifted their price target on Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a report on Monday, February 5th. HSBC restated a “hold” rating and issued a $270.00 target price (down from $275.00) on shares of Chubb in a report on Thursday, April 4th. Finally, Roth Mkm reiterated a “buy” rating and set a $280.00 price target on shares of Chubb in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $266.89.

Chubb Trading Down 0.2 %

Shares of Chubb stock traded down $0.51 during trading hours on Friday, hitting $245.45. The company’s stock had a trading volume of 1,565,891 shares, compared to its average volume of 1,748,837. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The stock has a 50 day moving average of $252.44 and a 200 day moving average of $235.28. The company has a market capitalization of $99.65 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the prior year, the company earned $4.41 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts predict that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s payout ratio is presently 15.27%.

Insider Buying and Selling

In other news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider John J. Lupica sold 34,464 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at $33,902,208.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total value of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,043 shares of company stock worth $29,766,694. 0.86% of the stock is owned by corporate insiders.

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.