Chubb Limited $CB Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in Chubb Limited (NYSE:CB) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,651 shares of the financial services provider’s stock after buying an additional 2,655 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Chubb were worth $12,936,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CB. Brighton Jones LLC raised its stake in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Chubb in the fourth quarter valued at about $205,000. AE Wealth Management LLC raised its stake in Chubb by 2.7% during the first quarter. AE Wealth Management LLC now owns 3,012 shares of the financial services provider’s stock valued at $909,000 after buying an additional 79 shares in the last quarter. TD Asset Management Inc lifted its holdings in Chubb by 5.2% during the 1st quarter. TD Asset Management Inc now owns 273,685 shares of the financial services provider’s stock worth $82,650,000 after buying an additional 13,504 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Chubb by 2.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 183,284 shares of the financial services provider’s stock worth $55,350,000 after acquiring an additional 4,294 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 16,375 shares of Chubb stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the sale, the insider directly owned 74,225 shares in the company, valued at $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 45,903 shares of company stock worth $13,245,483 in the last ninety days. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CB. Wolfe Research upped their price target on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Barclays increased their target price on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Bank of America raised their price target on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research report on Monday, October 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Chubb in a research report on Monday, October 27th. Finally, Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. One investment 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 company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $308.11.

Chubb Trading Down 0.8%

Shares of NYSE:CB opened at $295.78 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $282.59 and its 200 day moving average price is $281.27. The company has a market cap of $116.41 billion, a PE ratio of 12.34, a P/E/G ratio of 2.74 and a beta of 0.58. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $14.87 billion for 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%. Chubb’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $5.72 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.3%. Chubb’s payout ratio is presently 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.