Duality Advisers LP Makes New Investment in Chubb Limited (NYSE:CB)

Duality Advisers LP acquired a new position in Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,092 shares of the financial services provider’s stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. IFP Advisors Inc grew its holdings in Chubb by 34.7% in the third quarter. IFP Advisors Inc now owns 1,086 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 280 shares during the period. CX Institutional grew its holdings in shares of Chubb by 3.2% during the third quarter. CX Institutional now owns 2,653 shares of the financial services provider’s stock valued at $552,000 after buying an additional 82 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Chubb by 5.0% during the third quarter. Handelsbanken Fonder AB now owns 115,338 shares of the financial services provider’s stock valued at $24,011,000 after buying an additional 5,520 shares during the last quarter. Connecticut Wealth Management LLC grew its holdings in shares of Chubb by 18.1% during the third quarter. Connecticut Wealth Management LLC now owns 3,780 shares of the financial services provider’s stock valued at $787,000 after buying an additional 580 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Chubb by 5.2% during the third quarter. Ballentine Partners LLC now owns 7,447 shares of the financial services provider’s stock valued at $1,550,000 after buying an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday. JMP Securities restated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research report on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. UBS Group increased their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Finally, TD Cowen initiated coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and an average price target of $266.89.

Insider Transactions at Chubb

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the sale, the executive vice president now directly owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock valued at $29,766,694 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Up 1.2 %

CB opened at $245.99 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58. The company has a market capitalization of $99.87 billion, a PE ratio of 10.92, a PEG ratio of 1.17 and a beta of 0.62. The firm’s 50 day simple moving average is $252.44 and its two-hundred day simple moving average is $235.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.74%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the firm earned $4.41 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that Chubb Limited will post 21.32 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.40%. Chubb’s payout ratio is presently 15.27%.

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.