Arrowstreet Capital Limited Partnership Acquires 115,718 Shares of Chubb Limited $CB

Arrowstreet Capital Limited Partnership boosted its holdings in Chubb Limited (NYSE:CB) by 488.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,387 shares of the financial services provider’s stock after purchasing an additional 115,718 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Chubb were worth $40,383,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. 1248 Management LLC bought a new position in Chubb during the 1st quarter valued at approximately $31,000. VSM Wealth Advisory LLC purchased a new stake in shares of Chubb in the second quarter worth $32,000. WPG Advisers LLC purchased a new stake in shares of Chubb in the first quarter worth $33,000. Maseco LLP bought a new position in shares of Chubb during the second quarter valued at $35,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI increased their price objective on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Barclays increased their price target on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $309.00 price objective on shares of Chubb in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $308.32.

Chubb Trading Up 0.1%

Shares of NYSE:CB opened at $294.99 on Friday. The stock’s 50-day simple moving average is $286.28 and its two-hundred day simple moving average is $281.77. The stock has a market capitalization of $116.09 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.37 and a beta of 0.51. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.72 EPS. Analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was 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 owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. The trade was a 34.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,333 shares of company stock valued at $16,629,873 in the last 90 days. Company insiders own 0.77% of the company’s stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.