Grantham Mayo Van Otterloo & Co. LLC Raises Stake in Chubb Limited $CB

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Chubb Limited (NYSE:CB) by 67.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,262 shares of the financial services provider’s stock after purchasing an additional 17,369 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Chubb were worth $12,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Chubb during the second quarter valued at approximately $1,195,137,000. Bank of America Corp DE raised its holdings in Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after acquiring an additional 513,852 shares during the last quarter. London Co. of Virginia lifted its position in Chubb by 211.0% in the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after acquiring an additional 500,116 shares in the last quarter. Altrinsic Global Advisors LLC boosted its stake in Chubb by 46.9% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after purchasing an additional 444,557 shares during the last quarter. Finally, Troy Asset Management Ltd boosted its stake in Chubb by 89.1% during the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock valued at $229,872,000 after purchasing an additional 373,872 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’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 completion of the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Down 1.2%

Chubb stock opened at $323.95 on Tuesday. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The stock has a fifty day moving average of $318.39 and a 200 day moving average of $298.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $126.39 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the prior year, the firm earned $6.02 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Evercore boosted their price target on Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Bank of America decreased their target price on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research report on Friday, January 16th. Wolfe Research upped their target price on shares of Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Wells Fargo & Company raised their price target on shares of Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, Barclays lifted their price target on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $340.81.

Chubb Company 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.