Culbertson A N & Co. Inc. Acquires New Position in Chubb Limited $CB

Culbertson A N & Co. Inc. bought a new position in Chubb Limited (NYSE:CB) during the 3rd quarter, Holdings Channel.com reports. The firm bought 11,143 shares of the financial services provider’s stock, valued at approximately $3,624,000.

Several other hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in shares of Chubb in the second quarter valued at about $25,000. Dunhill Financial LLC bought a new position in Chubb during the 2nd quarter valued at approximately $25,000. Parvin Asset Management LLC bought a new position in Chubb during the 2nd quarter valued at approximately $26,000. Highland Investment Advisors LLC purchased a new stake in Chubb in the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC lifted its holdings in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by company insiders.

More Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Third-quarter earnings beat expectations. Chubb reported $7.66 in earnings per share versus the $6.77 consensus estimate, while revenue of $16.20 billion exceeded forecasts of $15.71 billion. Record investment income and higher life-insurance income helped offset rising catastrophe losses. Chubb Q3 Earnings Beat Estimates on Investment and Life Income Growth
• Positive Sentiment: Underlying operating performance remained strong. Core operating income reached $2.98 billion, and Overseas General property and casualty premiums grew 6.7%, supporting the view that Chubb continues to generate solid underwriting and premium growth. Chubb: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Analyst sentiment improved modestly. Wells Fargo raised its price target to $366 from $343, and Zacks upgraded Chubb to a Rank #2, or Buy, reflecting greater confidence in the company’s earnings outlook. Wells Fargo Adjusts Chubb Price Target
• Neutral Sentiment: Other analysts raised targets but maintained cautious ratings. Deutsche Bank lifted its target to $361 from $354 while retaining a Hold rating, and Mizuho raised its target to $350 while keeping a Neutral rating. Deutsche Bank Adjusts Chubb Price Target
• Negative Sentiment: Valuation and limited upside remain concerns. Chubb’s consensus price target is $358.36, below the current trading level, while Cantor Fitzgerald maintains a $333 target and Barclays retains a Hold rating. Commentary also suggests the strong third-quarter results may already be reflected in the share price. Chubb Consensus Price Target

Chubb Stock Up 2.5%

Shares of CB stock opened at $363.93 on Friday. The company has a market cap of $140.40 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.55 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.35 and a quick ratio of 0.29. Chubb Limited has a 1-year low of $273.35 and a 1-year high of $365.91. The stock’s fifty day moving average price is $341.45 and its 200 day moving average price is $337.32.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping 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 14.41%. During the same quarter in the prior year, the firm earned $7.49 EPS. On average, research analysts expect that Chubb Limited will post 27.72 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s payout ratio is 14.43%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CB. HSBC reissued a “hold” rating and set a $359.00 target price on shares of Chubb in a research note on Wednesday, October 7th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. The Goldman Sachs Group raised their target price on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Mizuho raised their price objective on shares of Chubb from $336.00 to $350.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Atlantic Securities set a $301.00 price objective on Chubb in a research report on Wednesday, July 15th. 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. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $360.95.

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.