Tema Etfs LLC Takes $2 Million Position in Chubb Limited $CB

Tema Etfs LLC purchased a new position in Chubb Limited (NYSE:CB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,091 shares of the financial services provider’s stock, valued at approximately $2,001,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Westbourne Investment Advisors Inc. increased its position in shares of Chubb by 12.3% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock valued at $6,275,000 after acquiring an additional 2,427 shares during the period. Assetmark Inc. grew its stake in Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after purchasing an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC increased its holdings in shares of Chubb by 764.7% in the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 130 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Chubb by 166.3% in the third quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 2,315 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Chubb by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after purchasing an additional 12,784 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.1%

Shares of Chubb stock opened at $306.54 on Tuesday. The company has a 50-day moving average of $301.95 and a two-hundred day moving average of $285.52. Chubb Limited has a 12-month low of $256.00 and a 12-month high of $316.94. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $120.64 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.72 EPS. On average, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Jefferies Financial Group boosted their target price on shares of Chubb from $302.00 to $326.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $283.00 price objective on shares of Chubb in a research note on Thursday, October 23rd. Finally, Citigroup upped their target price on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $318.00.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the transaction, the executive vice president directly owned 12,660 shares in the company, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 57,333 shares of company stock worth $16,629,873. 0.86% of the stock is owned by corporate 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.