Sivia Capital Partners LLC Buys 2,315 Shares of Chubb Limited $CB

Sivia Capital Partners LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 166.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,707 shares of the financial services provider’s stock after acquiring an additional 2,315 shares during the period. Sivia Capital Partners LLC’s holdings in Chubb were worth $1,046,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Modern Wealth Management LLC lifted its position in Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares during the period. Assetmark Inc. raised its stake in shares of Chubb by 14.1% during the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock worth $20,655,000 after buying an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC boosted its stake in Chubb by 764.7% in the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Chubb by 28.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after acquiring an additional 12,784 shares during the period. Finally, Investment Partners Asset Management Inc. grew its holdings in Chubb by 19.3% during the 2nd quarter. Investment Partners Asset Management Inc. now owns 1,789 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 290 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

NYSE CB opened at $314.27 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $315.08. The business has a 50 day simple moving average of $295.39 and a 200 day simple moving average of $283.69. The stock has a market cap of $123.68 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 3.58 and a beta of 0.51.

Chubb (NYSE:CB) last released 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 company 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 earned $5.72 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI increased their price target on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Mizuho started coverage on Chubb in a report on Monday, December 15th. They set a “neutral” rating and a $318.00 target price on the stock. HSBC increased their price target on shares of Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $311.90.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the sale, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. This trade represents a 34.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock worth $16,629,873 over the last three months. Corporate 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.