Spirepoint Private Client LLC Buys New Position in Chubb Limited (NYSE:CB)

Spirepoint Private Client LLC bought a new stake in Chubb Limited (NYSE:CB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,201 shares of the financial services provider’s stock, valued at approximately $311,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Alphinity Investment Management Pty Ltd raised its stake in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares during the last quarter. ING Groep NV grew its holdings in Chubb by 175,378.1% in the 4th quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after buying an additional 112,242 shares during the period. Graypoint LLC grew its holdings in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after buying an additional 29,302 shares during the period. Bison Wealth LLC purchased a new stake in Chubb in the 4th quarter valued at about $263,000. Finally, Van Leeuwen & Company LLC grew its holdings in Chubb by 602.7% in the 4th quarter. Van Leeuwen & Company LLC now owns 7,941 shares of the financial services provider’s stock valued at $1,795,000 after buying an additional 6,811 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, COO John W. Keogh sold 34,707 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO John W. Keogh sold 34,707 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders have sold 47,552 shares of company stock valued at $12,149,985 over the last three months. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CB shares. JMP Securities restated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a report on Monday, April 15th. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Morgan Stanley decreased their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group boosted their target price on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, eleven have issued 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 “Hold” and a consensus price target of $267.65.

Chubb Stock Down 2.9 %

Shares of CB traded down $7.79 during trading on Friday, reaching $259.88. The company’s stock had a trading volume of 2,759,519 shares, compared to its average volume of 1,292,853. The company has a fifty day moving average of $261.69 and a two-hundred day moving average of $252.32. Chubb Limited has a twelve month low of $194.37 and a twelve month high of $275.41. The company has a market cap of $105.53 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 6.09 and a beta of 0.66. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its 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 return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same period last year, the company earned $4.41 earnings per share. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts predict that Chubb Limited will post 20.93 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a yield of 1.40%. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

About Chubb

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.