Chubb Limited $CB Stock: Vise Technologies Inc. Increases Holdings

Vise Technologies Inc. boosted its position in Chubb Limited (NYSE:CB) by 25.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,862 shares of the financial services provider’s stock after purchasing an additional 10,818 shares during the period. Vise Technologies Inc.’s holdings in Chubb were worth $17,519,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Equitable Holdings Inc. purchased a new position in Chubb during the 2nd quarter valued at $4,139,000. Berkshire Hathaway Inc bought a new stake in Chubb during the 2nd quarter valued at about $11,670,067,000. XXEC Inc. bought a new position in shares of Chubb during the second quarter valued at $26,210,000. Douglas Lane & Associates LLC boosted its holdings in Chubb by 2,748.0% in the third quarter. Douglas Lane & Associates LLC now owns 467,591 shares of the financial services provider’s stock worth $152,084,000 after purchasing an additional 451,173 shares during the last quarter. Finally, Glenview Trust Co bought a new position in shares of Chubb in the 2nd quarter worth approximately $11,147,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.5%

CB opened at $364.12 on Friday. The company has a market cap of $139.12 billion, a P/E ratio of 12.74, a PEG ratio of 1.69 and a beta of 0.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.29 and a current ratio of 0.28. Chubb Limited has a one year low of $273.35 and a one year high of $369.00. The business’s 50-day simple moving average is $343.33 and its 200-day simple moving average is $333.76.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. During the same period in the previous year, the business posted $7.49 earnings per share. As a group, equities research analysts expect that Chubb Limited will post 28.82 EPS for the current fiscal year.

Chubb Announces Dividend

The company 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 of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is 14.28%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Chubb from $371.00 to $374.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. HSBC reissued a “hold” rating and issued a $359.00 price objective on shares of Chubb in a research report on Wednesday, October 7th. UBS Group reaffirmed a “neutral” rating and issued a $380.00 price target on shares of Chubb in a research note on Monday, October 26th. Mizuho lifted their price objective on shares of Chubb from $336.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Finally, Citigroup restated a “buy” rating and set a $405.00 target price (up from $395.00) on shares of Chubb in a research note on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $362.78.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Boroughs sold 13,596 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 5,588 shares in the company, valued at approximately $1,993,630.76. This represents a 70.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by insiders.

Chubb Company 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.