Chubb Limited $CB Shares Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,900 shares of the financial services provider’s stock after buying an additional 1,578 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Chubb were worth $3,220,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Berkshire Hathaway Inc bought a new stake in Chubb during the second quarter valued at $11,670,067,000. BlackRock Inc. acquired a new stake in Chubb during the 2nd quarter worth about $9,913,336,000. GQG Partners LLC acquired a new stake in Chubb during the 2nd quarter worth about $4,250,113,000. Bank of America Corp DE grew its holdings in Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after acquiring an additional 147,876 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Chubb by 74.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock worth $1,114,906,000 after acquiring an additional 1,457,992 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.8%

Shares of NYSE CB opened at $354.81 on Thursday. The firm has a market cap of $136.89 billion, a PE ratio of 12.41, a P/E/G ratio of 1.57 and a beta of 0.36. Chubb Limited has a 12-month low of $272.20 and a 12-month high of $365.91. The company’s fifty day simple moving average is $341.06 and its 200 day simple moving average is $337.07. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.33%. The business had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.71 billion. During the same period last year, the company posted $7.49 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 27.72 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio is 14.43%.

Insider Transactions at Chubb

In related news, EVP Joseph Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Quarterly results exceeded expectations. Chubb reported $7.66 in adjusted earnings per share, above the $6.79 consensus estimate, while revenue reached $16.20 billion versus expectations of $15.71 billion. Earnings also increased from $7.49 per share a year earlier. Chubb quarterly earnings report
• Positive Sentiment: Underlying business momentum remained strong. Core operating income totaled approximately $2.98 billion, overseas general property-and-casualty premiums grew 6.7%, and net premiums written increased. Record investment income and higher life-insurance income also helped offset pressure in underwriting. Chubb long-term investor takeaways
• Positive Sentiment: Analyst sentiment improved in one notable instance. Zacks upgraded Chubb to a Rank #2, or Buy, citing improved earnings prospects, which could support investor interest. Zacks Chubb upgrade
• Neutral Sentiment: Management maintained an upbeat outlook. The earnings call highlighted profitability, premium growth and continued benefits from investment income, but investors are evaluating whether the strong performance is already reflected in the share price. Chubb earnings call highlights
• Negative Sentiment: Catastrophe losses pressured underwriting results. Rising catastrophe claims remain a risk for future earnings and temper the otherwise strong quarter. Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target, below the stock’s recently reported $354.81 level, while another analysis said much of the strong Q3 performance may already be reflected in the valuation. Chubb valuation analysis

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. Evercore reissued an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Keefe, Bruyette & Woods cut their target price on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. UBS Group raised their target price on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $354.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lowered their target price on Chubb from $356.00 to $343.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $358.36.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.