MASTERINVEST Kapitalanlage GmbH Invests $5.59 Million in Chubb Limited $CB

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Chubb Limited (NYSE:CB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,307 shares of the financial services provider’s stock, valued at approximately $5,594,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Chubb in the 2nd quarter valued at about $1,195,137,000. Bank of America Corp DE lifted its position in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after acquiring an additional 513,852 shares during the last quarter. London Co. of Virginia boosted its stake in Chubb by 211.0% in the second quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after acquiring an additional 500,116 shares in the last quarter. Altrinsic Global Advisors LLC boosted its stake in Chubb by 46.9% in the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after acquiring an additional 444,557 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CB shares. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. HSBC raised their price target on Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. UBS Group upped their price objective on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Chubb in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $309.79.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 16,375 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $296.45, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 57,333 shares of company stock valued at $16,629,873. Company insiders own 0.77% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $308.45 on Friday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $308.98. The business’s 50 day moving average price is $288.27 and its 200 day moving average price is $282.18. 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 firm has a market cap of $121.39 billion, a P/E ratio of 12.87, a P/E/G ratio of 3.52 and a beta of 0.51.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.72 EPS. On average, sell-side 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. Shareholders of record on Friday, December 12th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s dividend payout ratio is presently 16.19%.

About Chubb

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.