111 Capital Buys 3,281 Shares of Chubb Limited $CB

111 Capital increased its stake in Chubb Limited (NYSE:CB) by 242.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,636 shares of the financial services provider’s stock after acquiring an additional 3,281 shares during the period. 111 Capital’s holdings in Chubb were worth $1,309,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC lifted its position in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares during the period. VSM Wealth Advisory LLC purchased a new position in Chubb during the second quarter valued at $32,000. Cornerstone Planning Group LLC boosted its holdings in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb in the 3rd quarter worth about $34,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

CB stock opened at $340.29 on Monday. The stock’s 50 day simple moving average is $315.97 and its 200 day simple moving average is $295.86. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $342.69. The stock has a market capitalization of $133.92 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 2.17 and a beta of 0.46.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.02 earnings per share. As a group, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.1%. Chubb’s dividend payout ratio is currently 15.08%.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CB. UBS Group reissued a “neutral” rating and set a $340.00 price target on shares of Chubb in a research report on Monday, February 9th. Jefferies Financial Group lifted their target price on shares of Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Barclays boosted their price target on Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. raised their price objective on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley set a $350.00 price objective on Chubb in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $340.81.

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.