Chubb Limited (NYSE:CB) Shares Acquired by Ossiam

Ossiam grew its position in Chubb Limited (NYSE:CB) by 36.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,437 shares of the financial services provider’s stock after buying an additional 4,968 shares during the quarter. Ossiam’s holdings in Chubb were worth $4,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pitcairn Co. grew its stake in Chubb by 133.2% during the 1st quarter. Pitcairn Co. now owns 4,979 shares of the financial services provider’s stock worth $1,290,000 after purchasing an additional 2,844 shares in the last quarter. RB Capital Management LLC purchased a new stake in Chubb during the 1st quarter worth about $239,000. Lake Street Advisors Group LLC lifted its holdings in Chubb by 38.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,494 shares of the financial services provider’s stock worth $908,000 after buying an additional 971 shares during the last quarter. Arjuna Capital lifted its holdings in Chubb by 75.1% during the 1st quarter. Arjuna Capital now owns 5,724 shares of the financial services provider’s stock worth $1,483,000 after buying an additional 2,455 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Chubb by 56.5% during the 1st quarter. Bessemer Group Inc. now owns 36,128 shares of the financial services provider’s stock worth $9,362,000 after buying an additional 13,036 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

CB stock traded up $1.60 on Thursday, reaching $261.65. The company had a trading volume of 1,422,338 shares, compared to its average volume of 1,651,227. Chubb Limited has a 1 year low of $198.10 and a 1 year high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The company’s fifty day moving average is $262.11 and its 200 day moving average is $253.11. The company has a market cap of $106.24 billion, a P/E ratio of 11.61, a PEG ratio of 6.16 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.94% and a net margin of 18.14%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the prior year, the company posted $4.92 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, research analysts forecast that Chubb Limited will post 20.95 earnings per share for the current year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a $0.91 dividend. This is a positive change from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, June 14th. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insider Buying and Selling

In related 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 transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares in the company, valued at $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,552 shares of company stock valued at $12,149,985. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JMP Securities lifted their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Roth Mkm boosted their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley reduced 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $270.05.

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.