Oldfield Partners LLP Acquires 44,500 Shares of Chubb Limited $CB

Oldfield Partners LLP boosted its holdings in Chubb Limited (NYSE:CB) by 25.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,100 shares of the financial services provider’s stock after purchasing an additional 44,500 shares during the quarter. Chubb comprises 18.2% of Oldfield Partners LLP’s investment portfolio, making the stock its largest holding. Oldfield Partners LLP’s holdings in Chubb were worth $75,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CB. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in shares of Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chubb in the first quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

NYSE CB opened at $342.93 on Thursday. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91. The company has a market capitalization of $132.30 billion, a P/E ratio of 12.13, a PEG ratio of 1.71 and a beta of 0.39. The business has a 50 day moving average price of $343.37 and a 200 day moving average price of $331.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same period in the previous year, the business earned $6.14 earnings per share. Chubb’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that Chubb Limited will post 27.45 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were given a $1.02 dividend. The ex-dividend date was Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a boost from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is presently 14.43%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group increased their price objective on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. UBS Group lifted their target price on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Barclays set a $387.00 target price on Chubb in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $360.09.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.