Chubb Limited $CB Shares Bought by Marathon Capital Management

Marathon Capital Management lifted its position in shares of Chubb Limited (NYSE:CB) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,600 shares of the financial services provider’s stock after acquiring an additional 1,860 shares during the quarter. Marathon Capital Management’s holdings in Chubb were worth $3,556,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in Chubb by 155.6% in the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Chubb in the second quarter valued at $32,000. Cornerstone Planning Group LLC increased its position in shares of Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Chubb in the third quarter valued at $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $329.24 on Friday. The stock has a market capitalization of $128.45 billion, a P/E ratio of 12.80, a P/E/G ratio of 2.07 and a beta of 0.46. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s 50-day moving average is $319.55 and its two-hundred day moving average is $299.38.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.02 earnings per share. Equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is 15.08%.

Analyst Upgrades and Downgrades

CB has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $366.00 price objective on shares of Chubb in a research report on Thursday, February 5th. Wolfe Research upped their price target on shares of Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Piper Sandler increased their price target on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Cantor Fitzgerald raised their price objective on shares of Chubb from $300.00 to $309.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Citigroup upped their target price on Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $340.81.

About Chubb

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.