Americana Partners LLC Grows Position in Chubb Limited $CB

Americana Partners LLC raised its holdings in Chubb Limited (NYSE:CB) by 55.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,286 shares of the financial services provider’s stock after acquiring an additional 816 shares during the period. Americana Partners LLC’s holdings in Chubb were worth $662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new position in Chubb in the 1st quarter valued at about $31,000. 1248 Management LLC purchased a new stake in Chubb during the first quarter worth about $31,000. WPG Advisers LLC purchased a new position in Chubb in the 1st quarter valued at approximately $33,000. Maseco LLP acquired a new position in Chubb during the 2nd quarter worth $35,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $292.30 on Wednesday. The firm’s 50 day moving average is $279.37 and its two-hundred day moving average is $280.68. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. 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 has a market cap of $115.04 billion, a P/E ratio of 12.20, a P/E/G ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 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 for the quarter, compared to the consensus estimate of $12.95 billion. During the same period last year, the business posted $5.72 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on CB. Wells Fargo & Company raised their target price on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Jefferies Financial Group raised their target price on shares of Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Evercore ISI increased their price objective on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. BMO Capital Markets reissued a “market perform” rating and set a $283.00 price target on shares of Chubb in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $307.79.

Insiders Place Their Bets

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

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.