Susquehanna Fundamental Investments LLC Has $70.08 Million Stock Holdings in Chubb Limited $CB

Susquehanna Fundamental Investments LLC boosted its holdings in shares of Chubb Limited (NYSE:CBFree Report) by 96.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,672 shares of the financial services provider’s stock after buying an additional 101,143 shares during the period. Chubb comprises 1.3% of Susquehanna Fundamental Investments LLC’s portfolio, making the stock its 7th largest holding. Susquehanna Fundamental Investments LLC owned approximately 0.05% of Chubb worth $70,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CB. Cherry Tree Wealth Management LLC increased its stake in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 31 shares during the period. Phillips Wealth Planners LLC lifted its stake in Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 31 shares during the period. Hoxton Planning & Management LLC lifted its stake in Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 31 shares during the period. South Plains Financial Inc. boosted its holdings in Chubb by 2.2% during the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 34 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its holdings in Chubb by 0.8% during the first quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock valued at $1,338,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $340.34 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50 day simple moving average of $347.46 and a 200 day simple moving average of $334.02. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The firm has a market cap of $131.30 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.66 and a beta of 0.39.

Chubb (NYSE:CBGet Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.14 EPS. Sell-side analysts predict that Chubb Limited will post 27.35 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio is 14.43%.

Insider Activity

In related news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CB shares. Citigroup reissued a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their price objective on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. UBS Group boosted their target price on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald increased their target price on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group boosted their price target on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $361.00.

Read Our Latest Research Report on CB

Chubb Company Profile

(Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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