L & S Advisors Inc Raises Stake in Chubb Limited $CB

L & S Advisors Inc increased its holdings in Chubb Limited (NYSE:CB) by 42.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,743 shares of the financial services provider’s stock after buying an additional 2,912 shares during the quarter. L & S Advisors Inc’s holdings in Chubb were worth $2,823,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CB. GQG Partners LLC lifted its position in Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Nuveen LLC acquired a new position in shares of Chubb in the 1st quarter valued at about $562,221,000. Ameriprise Financial Inc. grew its holdings in Chubb by 6.9% during 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 acquiring an additional 304,751 shares during the period. Citigroup Inc. boosted its position in Chubb by 79.0% in the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after purchasing an additional 278,697 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Chubb by 19.6% in the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after purchasing an additional 231,404 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is owned by insiders.

Chubb Stock Up 0.4%

Shares of CB opened at $296.02 on Friday. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $280.03 and a two-hundred day simple moving average of $280.89. The company has a market capitalization of $116.50 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the previous year, the firm earned $5.72 earnings per share. Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CB shares. Bank of America upped their price objective on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research report on Monday, October 13th. Barclays increased their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $283.00 target price (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. One equities 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $307.79.

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.