Profund Advisors LLC Has $1.21 Million Position in Chubb Limited $CB

Profund Advisors LLC lessened its stake in Chubb Limited (NYSE:CB) by 18.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,170 shares of the financial services provider’s stock after selling 920 shares during the quarter. Profund Advisors LLC’s holdings in Chubb were worth $1,208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Brighton Jones LLC boosted its position in Chubb by 12.8% during the fourth 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 during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the 4th quarter worth about $205,000. Stephens Inc. AR lifted its holdings in shares of Chubb by 5.9% during the 1st quarter. Stephens Inc. AR now owns 15,160 shares of the financial services provider’s stock valued at $4,578,000 after buying an additional 850 shares during the last quarter. CWM LLC grew its stake in shares of Chubb by 22.1% in the 1st quarter. CWM LLC now owns 22,432 shares of the financial services provider’s stock valued at $6,774,000 after buying an additional 4,053 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Chubb by 2.2% in the 1st quarter. Signaturefd LLC now owns 6,099 shares of the financial services provider’s stock valued at $1,842,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB opened at $292.30 on Wednesday. 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 stock’s 50 day moving average price is $279.37 and its two-hundred day moving average price is $280.68. The firm has a market capitalization of $115.04 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $5.72 earnings per share. Chubb’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. The Goldman Sachs Group restated a “neutral” rating and set a $309.00 price target on shares of Chubb in a report on Monday, October 27th. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Finally, HSBC boosted their price target on Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $307.79.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

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.