1,000 Shares in Chubb Limited $CB Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. purchased a new stake in shares of Chubb Limited (NYSE:CB) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,000 shares of the financial services provider’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GQG Partners LLC lifted its position in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Chubb by 1.1% in the 1st 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 buying an additional 30,334 shares during the period. Nuveen LLC acquired a new position in shares of Chubb during the first quarter worth approximately $562,221,000. Finally, AQR Capital Management LLC boosted its position in shares of Chubb by 19.6% in the first quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after acquiring an additional 231,404 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Cantor Fitzgerald restated a “neutral” rating and issued a $300.00 price target on shares of Chubb in a research report on Monday, October 27th. Citigroup upped their price objective on shares of Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Bank of America increased their target price on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research note on Monday, October 13th. Finally, Barclays boosted their price target on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $307.79.

Insider Buying and Selling

In related news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. The trade was a 20.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of Chubb stock opened at $278.03 on Tuesday. The firm has a market cap of $109.42 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The firm’s 50-day simple moving average is $277.87 and its 200-day simple moving average is $280.56. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.27.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.72 earnings per share. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

About Chubb

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.