Stance Capital LLC Increases Position in Chubb Limited $CB

Stance Capital LLC lifted its position in Chubb Limited (NYSE:CB) by 394.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,289 shares of the financial services provider’s stock after acquiring an additional 9,804 shares during the period. Chubb accounts for approximately 1.3% of Stance Capital LLC’s investment portfolio, making the stock its 19th biggest holding. Stance Capital LLC’s holdings in Chubb were worth $3,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. San Luis Wealth Advisors LLC lifted its position in Chubb by 16.0% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 1,092 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 151 shares during the period. Greenline Partners LLC increased its holdings in shares of Chubb by 51.7% in the third quarter. Greenline Partners LLC now owns 19,362 shares of the financial services provider’s stock valued at $5,465,000 after purchasing an additional 6,597 shares during the period. Morningstar Investment Management LLC purchased a new position in shares of Chubb in the third quarter worth about $6,028,000. Kestra Private Wealth Services LLC raised its stake in shares of Chubb by 0.3% in the third quarter. Kestra Private Wealth Services LLC now owns 33,508 shares of the financial services provider’s stock worth $9,458,000 after purchasing an additional 101 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Chubb by 19.6% during the third quarter. NewEdge Advisors LLC now owns 76,139 shares of the financial services provider’s stock worth $21,490,000 after purchasing an additional 12,461 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent research reports. Barclays upped their target price on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research report on Thursday, January 8th. Morgan Stanley set a $350.00 price objective on shares of Chubb in a research note on Friday, January 16th. Mizuho upped their price objective on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a report on Friday, February 6th. UBS Group reiterated a “neutral” rating and issued a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Finally, Bank of America reduced their target price on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $340.81.

Chubb Stock Up 0.3%

Shares of CB stock opened at $330.97 on Wednesday. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The stock has a market cap of $129.13 billion, a P/E ratio of 12.86, a P/E/G ratio of 2.07 and a beta of 0.46. The stock has a 50 day moving average of $320.28 and a 200 day moving average of $300.56. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

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

Chubb Dividend Announcement

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

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer directly owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.86% of the stock is currently owned by company insiders.

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.