InTrack Investment Management Inc Has $2.53 Million Stake in Chubb Limited $CB

InTrack Investment Management Inc raised its stake in shares of Chubb Limited (NYSE:CB) by 56.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,964 shares of the financial services provider’s stock after purchasing an additional 3,252 shares during the quarter. Chubb accounts for about 1.5% of InTrack Investment Management Inc’s investment portfolio, making the stock its 21st biggest position. InTrack Investment Management Inc’s holdings in Chubb were worth $2,530,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CB. Harbor Capital Advisors Inc. grew its position in 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 buying an additional 44 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter worth approximately $32,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Chubb during the third quarter valued at approximately $34,000. Maseco LLP bought a new stake in shares of Chubb during the second quarter valued at approximately $35,000. Finally, Financial Consulate Inc. acquired a new position in shares of Chubb in the third quarter valued at $37,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of several analyst reports. Cantor Fitzgerald reissued a “neutral” rating on shares of Chubb in a report on Wednesday, December 10th. Bank of America upped their target price on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Citigroup raised their price target on shares of Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. upped their price objective on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $311.90.

Chubb Stock Performance

NYSE:CB opened at $310.08 on Friday. The stock has a market capitalization of $122.03 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 3.25 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $315.08. The firm has a 50 day moving average of $298.16 and a 200-day moving average of $284.45.

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

Chubb Announces Dividend

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

Insider Activity at Chubb

In related news, 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 transaction, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president directly owned 12,660 shares in the company, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock valued at $16,629,873 over the last ninety days. 0.77% of the stock is 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.