Chubb Limited $CB Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. boosted its stake in Chubb Limited (NYSE:CB) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 147,044 shares of the financial services provider’s stock after buying an additional 2,270 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Chubb were worth $41,501,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Chubb in the 4th quarter worth approximately $205,000. Woodline Partners LP grew its position in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after acquiring an additional 1,449 shares in the last quarter. Fiduciary Alliance LLC raised its stake in shares of Chubb by 7.2% during the second quarter. Fiduciary Alliance LLC now owns 905 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 61 shares during the period. Finally, Sivia Capital Partners LLC raised its stake in shares of Chubb by 14.4% during the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 175 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 16,375 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider owned 74,225 shares in the company, valued at $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the transaction, the executive vice president directly owned 1,585 shares in the company, valued at $467,876.15. This represents a 34.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,333 shares of company stock valued at $16,629,873 in the last quarter. Insiders own 0.77% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $300.60 on Friday. Chubb Limited has a 52 week low of $263.14 and a 52 week high of $316.94. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm has a market cap of $118.30 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.15 and a beta of 0.51. The stock has a 50 day moving average of $303.22 and a 200-day moving average of $285.92.

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

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CB. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Bank of America boosted their price target on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. Finally, Citigroup restated a “market outperform” rating on shares of Chubb in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $324.76.

Chubb Company 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.