Arrowstreet Capital Limited Partnership Raises Stock Holdings in Chubb Limited $CB

Arrowstreet Capital Limited Partnership increased its position in Chubb Limited (NYSE:CB) by 200.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 999,072 shares of the financial services provider’s stock after purchasing an additional 666,093 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Chubb were worth $311,830,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Atlas Capital Advisors Inc. purchased a new position in Chubb during the 4th quarter valued at $504,000. Ally Financial Inc. grew its position in shares of Chubb by 66.7% in the 4th quarter. Ally Financial Inc. now owns 10,000 shares of the financial services provider’s stock worth $3,121,000 after buying an additional 4,000 shares during the period. Aptus Capital Advisors LLC grew its position in shares of Chubb by 200.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 24,992 shares of the financial services provider’s stock worth $7,801,000 after buying an additional 16,677 shares during the period. FORA Capital LLC bought a new position in Chubb in the 4th quarter worth about $1,954,000. Finally, Transamerica Financial Advisors LLC boosted its stake in Chubb by 69.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,206 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 906 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CB has been the topic of a number of analyst reports. Piper Sandler upped their price target on shares of Chubb from $328.00 to $340.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Wells Fargo & Company increased their price objective on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Barclays cut their price objective on shares of Chubb from $375.00 to $368.00 and set an “equal weight” rating for the company in a report on Friday. Mizuho lowered their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Citizens Jmp raised their price target on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $349.10.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by insiders.

Chubb Stock Performance

CB stock opened at $328.06 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average price of $324.93 and a 200 day moving average price of $319.10. The company has a market capitalization of $127.24 billion, a P/E ratio of 11.58, a PEG ratio of 1.68 and a beta of 0.41. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion during the quarter. As a group, equities research analysts forecast that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date is Friday, June 12th. Chubb’s payout ratio is presently 14.41%.

About Chubb

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.