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

by · The Cerbat Gem

Sivia Capital Partners LLC lifted its stake in Chubb Limited (NYSE:CBFree Report) by 166.3% during the third quarter, Holdings Channel.com reports. The fund owned 3,707 shares of the financial services provider’s stock after buying 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 SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CB. Norges Bank bought a new stake in shares of Chubb during the 2nd quarter worth approximately $1,195,137,000. Bank of America Corp DE increased its holdings in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after buying an additional 513,852 shares during the last quarter. London Co. of Virginia raised its position in Chubb by 211.0% during the second quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock worth $213,559,000 after acquiring an additional 500,116 shares in the last quarter. Altrinsic Global Advisors LLC raised its position in Chubb by 46.9% during the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after acquiring an additional 444,557 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its stake in Chubb by 89.1% in the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock valued at $229,872,000 after acquiring an additional 373,872 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a research note on Monday, December 22nd. Cantor Fitzgerald restated a “neutral” rating on shares of Chubb in a research note on Wednesday, December 10th. BMO Capital Markets restated a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research note on Thursday, October 23rd. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $311.90.

View Our Latest Stock Report on CB

Chubb Trading Up 0.3%

Shares of CB stock opened at $314.27 on Tuesday. The stock has a 50 day simple moving average of $295.39 and a 200 day simple moving average of $283.69. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $315.08. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $123.68 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51.

Chubb (NYSE:CBGet Free Report) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same period in the prior year, the firm posted $5.72 EPS. Chubb’s quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 850 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. The trade was a 34.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 57,333 shares of company stock valued at $16,629,873. 0.86% of the stock is currently owned by corporate insiders.

About Chubb

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CBFree Report).