GSA Capital Partners LLP Purchases New Shares in Chubb Limited $CB

GSA Capital Partners LLP purchased a new stake in Chubb Limited (NYSE:CB) during the 2nd quarter, HoldingsChannel reports. The firm purchased 9,154 shares of the financial services provider’s stock, valued at approximately $3,119,000.

Other institutional investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Frazier Financial Advisors LLC raised its stake in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new position in Chubb in the first quarter worth about $29,000. Laurel Wealth Advisors LLC purchased a new stake in Chubb in the fourth quarter worth about $31,000. Finally, Ares Financial Consulting LLC purchased a new stake in Chubb in the fourth quarter worth about $32,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Atlantic Securities set a $301.00 target price on Chubb in a research report on Wednesday, July 15th. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Citizens Jmp restated a “market outperform” rating and set a $400.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Evercore reaffirmed an “outperform” rating and issued a $374.00 price target on shares of Chubb in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $360.09.

Chubb Price Performance

Shares of NYSE CB opened at $343.80 on Friday. The company has a 50 day simple moving average of $344.31 and a two-hundred day simple moving average of $331.99. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The company has a market capitalization of $132.64 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.14 EPS. Analysts expect that Chubb Limited will post 27.45 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Insider Activity

In other news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The stock was 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 of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer 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 disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by insiders.

Chubb Company 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.