Chubb Limited $CB Shares Acquired by Oldfield Partners LLP

Oldfield Partners LLP lifted its position in Chubb Limited (NYSE:CB) by 25.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 221,100 shares of the financial services provider’s stock after buying an additional 44,500 shares during the quarter. Chubb makes up 18.2% of Oldfield Partners LLP’s investment portfolio, making the stock its largest holding. Oldfield Partners LLP owned approximately 0.06% of Chubb worth $75,338,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. Frazier Financial Advisors LLC increased its stake in Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the period. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter worth about $29,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $31,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Chubb in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Evercore reiterated an “outperform” rating and set a $374.00 target price on shares of Chubb in a report on Friday, July 10th. Cantor Fitzgerald raised their price target on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group upped their price objective on Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $360.09.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by insiders.

Chubb Stock Performance

Shares of CB opened at $342.93 on Thursday. The company has a market capitalization of $132.30 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.71 and a beta of 0.39. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $343.37 and a 200 day moving average price of $331.60.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $6.14 earnings per share. Research analysts predict that Chubb Limited will post 27.45 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is 14.43%.

About Chubb

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.