Machina Capital S.A.S. Buys Shares of 1,817 Chubb Limited $CB

Machina Capital S.A.S. bought a new stake in Chubb Limited (NYSE:CB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,817 shares of the financial services provider’s stock, valued at approximately $526,000.

Several other large investors also recently bought and sold shares of the company. Westside Investment Management Inc. grew its holdings in Chubb by 733.3% in the second quarter. Westside Investment Management Inc. now owns 150 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 132 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Chubb in the second quarter valued at $20,280,000. Versor Investments LP acquired a new stake in Chubb in the second quarter valued at $658,000. Accuvest Global Advisors purchased a new stake in shares of Chubb in the second quarter valued at $226,000. Finally, American Institute for Advanced Investment Management LLP lifted its position in shares of Chubb by 6.4% in the second quarter. American Institute for Advanced Investment Management LLP now owns 1,575 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Chubb from $297.00 to $302.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. UBS Group upped their price objective on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. The Goldman Sachs Group restated a “neutral” rating and issued a $309.00 price objective on shares of Chubb in a research report on Monday, October 27th. BMO Capital Markets restated a “market perform” rating and issued a $283.00 price objective on shares of Chubb in a research report on Thursday, October 23rd. Finally, Barclays upped their price objective on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $307.79.

Chubb Stock Performance

NYSE CB opened at $285.63 on Wednesday. The business’s 50-day moving average price is $278.14 and its 200 day moving average price is $280.56. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a market capitalization of $112.41 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. 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 released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the prior year, the business posted $5.72 earnings per share. 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 announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio is 16.19%.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.77% of the company’s stock.

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.