Kintegral Advisory LLC Buys 11,604 Shares of Chubb Limited $CB

Kintegral Advisory LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 57.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,799 shares of the financial services provider’s stock after buying an additional 11,604 shares during the period. Kintegral Advisory LLC’s holdings in Chubb were worth $10,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Avail Investment Partners LLC raised its holdings in Chubb by 3.2% during the third quarter. Avail Investment Partners LLC now owns 1,732 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 53 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Chubb by 2.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 99,048 shares of the financial services provider’s stock valued at $30,824,000 after purchasing an additional 2,396 shares in the last quarter. Aspiriant LLC boosted its stake in Chubb by 11.0% during the 3rd quarter. Aspiriant LLC now owns 2,600 shares of the financial services provider’s stock valued at $846,000 after purchasing an additional 257 shares in the last quarter. Pension & Wealth Management Advisors Inc. increased its position in shares of Chubb by 300.9% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 926 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 695 shares during the period. Finally, Goldstein Advisors LLC increased its position in shares of Chubb by 3.1% during the 3rd quarter. Goldstein Advisors LLC now owns 1,215 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 36 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on CB shares. Morgan Stanley dropped their price objective on Chubb from $360.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods decreased their target price on Chubb from $389.00 to $387.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. HSBC reaffirmed a “hold” rating and set a $359.00 target price on shares of Chubb in a report on Wednesday, October 7th. Mizuho lowered their target price on Chubb from $347.00 to $336.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $358.36.

Insider Buying and Selling at Chubb

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

Chubb Price Performance

NYSE:CB traded up $6.72 during trading hours on Friday, reaching $359.51. 1,533,515 shares of the company’s stock were exchanged, compared to its average volume of 1,624,250. The company has a market capitalization of $138.70 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.54 and a beta of 0.36. Chubb Limited has a 12 month low of $266.40 and a 12 month high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $340.44 and its two-hundred day simple moving average is $336.38.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.14 earnings per share. Sell-side analysts expect that Chubb Limited will post 27.72 EPS for the current fiscal year.

Chubb Announces Dividend

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

About Chubb

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.