8,000 Shares in Chubb Limited $CB Purchased by Bulldog Investors LLP

Bulldog Investors LLP acquired a new position in shares of Chubb Limited (NYSE:CB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,000 shares of the financial services provider’s stock, valued at approximately $2,258,000.

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

Chubb Stock Performance

CB stock opened at $329.24 on Friday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $128.45 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. The business’s fifty day moving average is $319.55 and its 200-day moving average is $299.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.02 earnings per share. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 15.08%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CB shares. Keefe, Bruyette & Woods upped 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. Citizens Jmp restated a “market outperform” rating and set a $350.00 target price on shares of Chubb in a research report on Wednesday, February 4th. Roth Mkm upped their price target on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Citigroup raised their price target on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, HSBC lifted their price objective on Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $340.81.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares in the company, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by 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.