Chubb Limited $CB Shares Purchased by Amundi

Amundi boosted its holdings in shares of Chubb Limited (NYSE:CB) by 7.7% in the 2nd quarter, Holdings Channel reports. The fund owned 1,252,882 shares of the financial services provider’s stock after acquiring an additional 90,079 shares during the quarter. Amundi’s holdings in Chubb were worth $350,907,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. 1248 Management LLC purchased a new stake in shares of Chubb in the first quarter valued at approximately $31,000. VSM Wealth Advisory LLC acquired a new position in Chubb during the second quarter worth $32,000. WPG Advisers LLC acquired a new position in Chubb during the first quarter worth $33,000. Maseco LLP purchased a new stake in Chubb in the 2nd quarter valued at $35,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake 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 acquiring an additional 94 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CB shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. HSBC lifted their target price on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Jefferies Financial Group increased their price target on shares of Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group restated a “neutral” rating and set a $309.00 price target on shares of Chubb in a report on Monday, October 27th. Finally, Wells Fargo & Company lifted their price target on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $308.32.

Chubb Trading Up 0.1%

CB opened at $294.99 on Friday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. 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 business has a fifty day simple moving average of $286.28 and a 200-day simple moving average of $281.77. The firm has a market cap of $116.09 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.37 and a beta of 0.51.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the prior year, the company earned $5.72 EPS. Chubb’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Chubb Limited will post 21.52 earnings per share 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 given 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 of this dividend is Friday, December 12th. Chubb’s dividend payout ratio is currently 16.19%.

Insider Activity

In other Chubb news, EVP Timothy Alan Boroughs sold 10,580 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were 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 $3,749,512.20. This represents a 45.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 57,333 shares of company stock valued at $16,629,873. 0.77% of the stock is currently owned by company insiders.

Chubb 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.