Chubb Limited $CB Shares Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 19.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,900 shares of the financial services provider’s stock after purchasing an additional 1,578 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Chubb were worth $3,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ballast Inc. increased its holdings in shares of Chubb by 3.2% during the third quarter. Ballast Inc. now owns 6,178 shares of the financial services provider’s stock worth $2,009,000 after buying an additional 192 shares in the last quarter. Freedom Day Solutions LLC lifted its stake in shares of Chubb by 0.4% in the 3rd quarter. Freedom Day Solutions LLC now owns 8,241 shares of the financial services provider’s stock valued at $2,681,000 after acquiring an additional 31 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Chubb by 0.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,619 shares of the financial services provider’s stock valued at $17,765,000 after acquiring an additional 294 shares during the last quarter. Family Wealth Partners LLC lifted its stake in shares of Chubb by 8.8% in the 3rd quarter. Family Wealth Partners LLC now owns 994 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 80 shares during the last quarter. Finally, Investment Research Partners LLC boosted its holdings in shares of Chubb by 2.6% during the 3rd quarter. Investment Research Partners LLC now owns 1,898 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael P. Connors sold 5,500 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Chubb Trading Down 0.8%

Shares of NYSE CB opened at $354.81 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a 52-week low of $272.20 and a 52-week high of $365.91. The firm has a 50 day moving average price of $341.06 and a two-hundred day moving average price of $337.07. The stock has a market cap of $136.89 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.89. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.71 billion. Chubb had a net margin of 18.15% and a return on equity of 14.33%. During the same quarter last year, the firm earned $7.49 earnings per share. As a group, equities analysts forecast that Chubb Limited will post 27.72 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s dividend payout ratio is presently 14.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CB shares. Wells Fargo & Company reduced their price objective on Chubb from $356.00 to $343.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. HSBC reaffirmed a “hold” rating and issued a $359.00 target price on shares of Chubb in a report on Wednesday, October 7th. Evercore reiterated an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Mizuho cut their price target on Chubb from $347.00 to $336.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Finally, Keefe, Bruyette & Woods cut their price target on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research note on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $358.36.

Trending Headlines about Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Quarterly results exceeded expectations. Chubb reported $7.66 in adjusted earnings per share, above the $6.79 consensus estimate, while revenue reached $16.20 billion versus expectations of $15.71 billion. Earnings also increased from $7.49 per share a year earlier. Chubb quarterly earnings report
• Positive Sentiment: Underlying business momentum remained strong. Core operating income totaled approximately $2.98 billion, overseas general property-and-casualty premiums grew 6.7%, and net premiums written increased. Record investment income and higher life-insurance income also helped offset pressure in underwriting. Chubb long-term investor takeaways
• Positive Sentiment: Analyst sentiment improved in one notable instance. Zacks upgraded Chubb to a Rank #2, or Buy, citing improved earnings prospects, which could support investor interest. Zacks Chubb upgrade
• Neutral Sentiment: Management maintained an upbeat outlook. The earnings call highlighted profitability, premium growth and continued benefits from investment income, but investors are evaluating whether the strong performance is already reflected in the share price. Chubb earnings call highlights
• Negative Sentiment: Catastrophe losses pressured underwriting results. Rising catastrophe claims remain a risk for future earnings and temper the otherwise strong quarter. Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target, below the stock’s recently reported $354.81 level, while another analysis said much of the strong Q3 performance may already be reflected in the valuation. Chubb valuation analysis

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.