46,360 Chubb Limited $CB Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 1,343.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,810 shares of the financial services provider’s stock after buying an additional 46,360 shares during the period. International Assets Investment Management LLC’s holdings in Chubb were worth $16,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Berkshire Hathaway Inc purchased a new position in shares of Chubb in the 2nd quarter valued at $11,670,067,000. BlackRock Inc. bought a new position in shares of Chubb in the 2nd quarter worth $9,913,336,000. GQG Partners LLC bought a new position in shares of Chubb in the 2nd quarter worth $4,250,113,000. Bank of America Corp DE lifted its stake in shares of Chubb by 3.1% during the 1st quarter. Bank of America Corp DE now owns 4,908,624 shares of the financial services provider’s stock worth $1,599,868,000 after purchasing an additional 147,876 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Chubb by 74.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,420,692 shares of the financial services provider’s stock worth $1,114,906,000 after purchasing an additional 1,457,992 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.5%

Shares of CB stock opened at $364.12 on Friday. Chubb Limited has a 1-year low of $273.35 and a 1-year high of $369.00. The stock’s fifty day moving average price is $343.33 and its 200 day moving average price is $333.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.29. The company has a market cap of $139.12 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.36.

Chubb (NYSE:CB) last announced its 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. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. During the same period in the prior year, the company posted $7.49 EPS. On average, research analysts expect that Chubb Limited will post 28.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s payout ratio is presently 14.28%.

Insider Transactions at Chubb

In related news, Director Michael P. Connors sold 5,500 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy Boroughs sold 13,596 shares of Chubb stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the completion of the sale, the executive vice president owned 5,588 shares of the company’s stock, valued at $1,993,630.76. This trade represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $354.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Weiss Ratings raised shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. Finally, Mizuho boosted their price objective on shares of Chubb from $336.00 to $350.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $362.78.

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.