Compass Capital Management Inc. Takes $12.54 Million Position in Chubb Limited $CB

Compass Capital Management Inc. acquired a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 43,274 shares of the financial services provider’s stock, valued at approximately $12,537,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. IMA Advisory Services Inc. bought a new stake in shares of Chubb in the first quarter worth $31,000. 1248 Management LLC acquired a new stake in Chubb in the 1st quarter valued at $31,000. WPG Advisers LLC bought a new stake in Chubb during the 1st quarter worth about $33,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 94 shares in the last quarter. Finally, Maseco LLP acquired a new stake in shares of Chubb in the second quarter valued at about $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the sale, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is owned by insiders.

Chubb Stock Performance

Shares of CB stock opened at $287.45 on Monday. The company has a market capitalization of $113.13 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.74 and a beta of 0.58. 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 Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a 50-day simple moving average of $278.79 and a 200 day simple moving average of $280.54.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the previous year, the company posted $5.72 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is currently 16.19%.

Analysts Set New Price Targets

Several research analysts recently commented on CB shares. Citigroup increased their price target on Chubb from $326.00 to $331.00 and gave the company a “buy” rating in a research report on Friday, October 24th. UBS Group raised their target price on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wolfe Research boosted their target price on shares of Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Evercore ISI increased their price target on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average price target of $307.79.

Chubb Company 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.