Liberty One Investment Management LLC Makes New Investment in Chubb Limited $CB

Liberty One Investment Management LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 181,380 shares of the financial services provider’s stock, valued at approximately $51,167,000. Chubb comprises approximately 2.9% of Liberty One Investment Management LLC’s portfolio, making the stock its 20th biggest position.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its stake in Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake 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 acquiring an additional 56 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in Chubb during the second quarter valued at about $32,000. Heartwood Wealth Advisors LLC bought a new stake in Chubb during the third quarter worth about $34,000. Finally, Maseco LLP purchased a new position in shares of Chubb in the 2nd quarter worth about $35,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CB. Wolfe Research boosted their target price on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Barclays boosted their price objective on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 29th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Chubb in a research report on Wednesday, December 10th. Finally, Citigroup boosted their price target on shares of Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $318.00.

Chubb Trading Down 0.1%

NYSE:CB opened at $306.54 on Tuesday. The firm has a market capitalization of $120.64 billion, a P/E ratio of 12.79, a P/E/G ratio of 3.21 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $301.95 and a 200 day moving average of $285.52. Chubb Limited has a 52 week low of $256.00 and a 52 week high of $316.94.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the prior year, the company posted $5.72 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, research 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 was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio is presently 16.19%.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 10,580 shares of the company’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 completion of the transaction, the executive vice president owned 12,660 shares in the company, valued at $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares in the company, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last 90 days. Insiders own 0.86% of the company’s stock.

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.