Arrowstreet Capital Limited Partnership Increases Stock Position in Chubb Limited $CB

Arrowstreet Capital Limited Partnership grew its holdings in shares of Chubb Limited (NYSE:CB) by 30.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,305,422 shares of the financial services provider’s stock after buying an additional 306,350 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Chubb were worth $425,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cherry Tree Wealth Management LLC boosted its stake in shares of Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after buying an additional 31 shares in the last quarter. Phillips Wealth Planners LLC grew its holdings in Chubb by 1.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 31 shares during the last quarter. Hoxton Planning & Management LLC increased its position in shares of Chubb by 4.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after buying an additional 31 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Chubb by 2.7% in the fourth quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider’s stock valued at $405,000 after buying an additional 34 shares in the last quarter. Finally, Wright Investors Service Inc. raised its stake in shares of Chubb by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 34 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 2.8%

CB opened at $352.96 on Friday. The firm has a 50 day moving average price of $334.84 and a 200 day moving average price of $326.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.29. The company has a market cap of $136.90 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 1.77 and a beta of 0.40.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $16.01 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the firm posted $6.14 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts expect that Chubb Limited will post 26.88 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio is currently 14.43%.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.37% of the company’s stock.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb beat Q2 expectations, with earnings and revenue both coming in above consensus, helped by stronger P&C underwriting, lower catastrophe losses, and record investment income. CB Q2 Earnings Beat on Higher Underwriting and Investment Income
• Positive Sentiment: Analysts turned more constructive after earnings, with Goldman Sachs reiterating a Buy rating and JPMorgan and Citizens JMP raising price targets, signaling expectations for continued upside. Chubb Earns Buy Rating on Strong Core EPS and Resilient Underwriting Despite Softer Property-Casualty Markets
• Positive Sentiment: The earnings call and follow-up coverage highlighted resilient underwriting and strong core EPS, suggesting Chubb’s margins are holding up even as parts of the property-casualty market soften. Chubb Ltd Earnings Call Balances Strength and Strain

Analysts Set New Price Targets

A number of equities research analysts recently commented on CB shares. Wolfe Research increased their price objective on shares of Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $354.00 price objective on shares of Chubb in a research note on Wednesday. Bank of America reduced their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, UBS Group raised their price target on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $360.09.

Chubb 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.