Y Intercept Hong Kong Ltd Makes New Investment in Chubb Limited $CB

Y Intercept Hong Kong Ltd purchased a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, Holdings Channel reports. The fund purchased 15,711 shares of the financial services provider’s stock, valued at approximately $4,552,000.

A number of other institutional investors also recently bought and sold shares of the business. GQG Partners LLC raised its position in 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 buying an additional 4,964,298 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Chubb by 1.1% during 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 purchasing an additional 30,334 shares during the period. Nuveen LLC acquired a new stake in shares of Chubb during the 1st quarter worth approximately $562,221,000. Finally, AQR Capital Management LLC grew its stake in shares of Chubb by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock worth $423,826,000 after purchasing an additional 231,404 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Chubb stock opened at $275.39 on Wednesday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34. The company’s fifty day moving average price is $277.85 and its 200 day moving average price is $280.81. The stock has a market capitalization of $109.80 billion, a P/E ratio of 11.49, a P/E/G ratio of 2.79 and a beta of 0.54.

Chubb (NYSE:CB) last announced its 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. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the previous year, the company posted $5.72 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is 16.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CB shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $283.00 price objective on shares of Chubb in a research note on Thursday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Bank of America raised their price objective on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. UBS Group raised their price objective on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Evercore ISI lifted 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $307.58.

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.