Vanguard Personalized Indexing Management LLC Increases Stake in Chubb Limited $CB

Vanguard Personalized Indexing Management LLC grew its position in Chubb Limited (NYSE:CB) by 28.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 57,794 shares of the financial services provider’s stock after purchasing an additional 12,784 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Chubb were worth $16,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GQG Partners LLC raised its stake in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares during the period. Demars Financial Group LLC grew its holdings in shares of Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after purchasing an additional 878,177 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Chubb by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after purchasing an additional 30,334 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Chubb in the first quarter worth about $562,221,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat purchased 425 shares of the stock in a transaction dated Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. The Goldman Sachs Group upped their price target on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Jefferies Financial Group upped their price target on shares of Chubb from $295.00 to $297.00 and gave the stock a “hold” rating in a report on Tuesday, October 7th. Finally, Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $306.82.

Chubb Stock Down 0.4%

Shares of Chubb stock opened at $283.08 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm’s 50-day moving average is $276.67 and its two-hundred day moving average is $281.92. The stock has a market cap of $112.86 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.18 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same period last year, the business earned $5.38 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.