Sompo Japan Nipponkoa Asset Management CO. LTD. grew its position in shares of Chubb Ltd (NYSE:CB) by 37.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,590 shares of the financial services provider’s stock after purchasing an additional 2,890 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Chubb were worth $1,183,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Roffman Miller Associates Inc. PA increased its position in shares of Chubb by 2.6% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 80,852 shares of the financial services provider’s stock valued at $12,585,000 after purchasing an additional 2,054 shares during the last quarter. Fieldpoint Private Securities LLC increased its position in shares of Chubb by 8.9% during the 4th quarter. Fieldpoint Private Securities LLC now owns 6,581 shares of the financial services provider’s stock valued at $1,024,000 after purchasing an additional 539 shares during the last quarter. Berkeley Capital Partners LLC boosted its holdings in Chubb by 4.3% during the 4th quarter. Berkeley Capital Partners LLC now owns 2,293 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 95 shares during the period. IBM Retirement Fund boosted its holdings in Chubb by 53.1% during the 1st quarter. IBM Retirement Fund now owns 11,568 shares of the financial services provider’s stock valued at $1,292,000 after acquiring an additional 4,014 shares during the period. Finally, Verdence Capital Advisors LLC purchased a new stake in Chubb during the 4th quarter valued at about $4,293,000. Hedge funds and other institutional investors own 88.05% of the company’s stock.
In related news, Director Theodore Shasta acquired 2,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 17th. The stock was bought at an average price of $99.74 per share, with a total value of $199,480.00. Following the transaction, the director now directly owns 16,375 shares in the company, valued at $1,633,242.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Scully acquired 9,750 shares of Chubb stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $102.40 per share, with a total value of $998,400.00. Following the transaction, the director now owns 20,723 shares in the company, valued at $2,122,035.20. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.
Shares of CB traded up $3.92 on Friday, reaching $117.00. The stock had a trading volume of 4,796,232 shares, compared to its average volume of 3,636,962. The firm has a market capitalization of $51.04 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50-day simple moving average of $107.74 and a 200-day simple moving average of $137.75. Chubb Ltd has a 12-month low of $87.35 and a 12-month high of $167.74.
Chubb (NYSE:CB) last released its earnings results on Tuesday, April 21st. The financial services provider reported $2.68 EPS for the quarter, missing the Zacks’ consensus estimate of $2.69 by ($0.01). The firm had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Chubb had a net margin of 10.21% and a return on equity of 8.69%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.54 EPS. On average, analysts expect that Chubb Ltd will post 9.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 19th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, June 18th. This is a boost from Chubb’s previous quarterly dividend of $0.75. Chubb’s dividend payout ratio (DPR) is presently 29.67%.
Several equities research analysts recently weighed in on the company. Piper Sandler upgraded Chubb from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $145.00 to $131.00 in a report on Monday, April 6th. Royal Bank of Canada dropped their target price on Chubb from $178.00 to $154.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Deutsche Bank upgraded Chubb from a “sell” rating to a “hold” rating and dropped their target price for the company from $140.00 to $138.00 in a report on Sunday, April 19th. ValuEngine cut Chubb from a “hold” rating to a “sell” rating in a report on Monday, May 4th. Finally, TheStreet cut Chubb from a “b” rating to a “c+” rating in a report on Monday, March 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $148.06.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
Recommended Story: Outstanding Shares
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Ltd (NYSE:CB).
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.