Grantham Mayo Van Otterloo & Co. LLC Buys 17,369 Shares of Chubb Limited $CB

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 67.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 43,262 shares of the financial services provider’s stock after acquiring an additional 17,369 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Chubb were worth $12,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. increased its stake in Chubb by 93.6% in the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares during the last quarter. Cedar Mountain Advisors LLC lifted its stake in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of Chubb in the 2nd quarter worth about $32,000. Cornerstone Planning Group LLC boosted its holdings in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Chubb during the 3rd quarter valued at about $34,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This represents a 70.20% decrease in their position. The SEC filing for this sale provides additional information. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Chubb stock opened at $323.95 on Tuesday. 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 firm has a market cap of $126.39 billion, a P/E ratio of 12.59, a P/E/G ratio of 2.06 and a beta of 0.46. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67. The firm has a 50-day moving average of $318.39 and a 200-day moving average of $298.28.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the firm earned $6.02 earnings per share. Chubb’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 15.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CB. Bank of America decreased their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. Wells Fargo & Company upped their target price on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. HSBC lifted their price target on shares of Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $366.00 price objective on shares of Chubb in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $340.81.

Chubb 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.