Quadrant Capital Group LLC Has $3.81 Million Position in Chubb Limited $CB

Quadrant Capital Group LLC raised its stake in Chubb Limited (NYSE:CB) by 37.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,133 shares of the financial services provider’s stock after buying an additional 3,550 shares during the quarter. Quadrant Capital Group LLC’s holdings in Chubb were worth $3,805,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. 1248 Management LLC acquired a new position in shares of Chubb in the first quarter worth $31,000. VSM Wealth Advisory LLC purchased a new position in Chubb in the second quarter valued at about $32,000. WPG Advisers LLC acquired a new position in Chubb in the 1st quarter worth about $33,000. Maseco LLP purchased a new stake in shares of Chubb during the 2nd quarter worth about $35,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Chubb by 391.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 10,580 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president directly owned 12,660 shares in the company, valued at approximately $3,749,512.20. The trade was a 45.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value 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. The trade was a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,333 shares of company stock worth $16,629,873 over the last three months. Company insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CB shares. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. Citigroup increased their price target on shares of Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Bank of America raised their price target on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a report on Monday, October 13th. Wells Fargo & Company upped their price objective on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $308.11.

Chubb Trading Up 0.1%

Shares of Chubb stock opened at $297.93 on Friday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company’s fifty day simple moving average is $284.09 and its 200-day simple moving average is $281.55. The company has a market cap of $117.25 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.74 and a beta of 0.58. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.72 EPS. As a group, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is 16.19%.

Chubb Company Profile

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.