Lecap Asset Management Ltd. Takes Position in Chubb Limited $CB

Lecap Asset Management Ltd. bought a new position in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, HoldingsChannel reports. The firm bought 7,784 shares of the financial services provider’s stock, valued at approximately $2,197,000. Chubb comprises approximately 0.8% of Lecap Asset Management Ltd.’s holdings, making the stock its 29th largest position.

Other hedge funds have also recently modified their holdings of the company. Mitchell & Pahl Private Wealth LLC increased its holdings in Chubb by 0.5% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after buying an additional 35 shares during the period. Sky Investment Group LLC lifted its stake in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC boosted its position in Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 38 shares in the last quarter. JT Stratford LLC raised its holdings in Chubb by 3.5% in the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 38 shares in the last quarter. Finally, Jacobsen Capital Management lifted its position in shares of Chubb by 5.3% during the second quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock valued at $224,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction dated 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 sale, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 5,830 shares of Chubb stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 57,333 shares of company stock worth $16,629,873. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several analyst reports. UBS Group lifted their price target on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Keefe, Bruyette & Woods upped their target price on Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Barclays boosted their price target on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Citigroup increased their price objective on shares of Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $316.55.

Chubb Trading Down 0.8%

Chubb stock opened at $306.71 on Thursday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $316.94. The stock has a 50-day moving average price of $300.09 and a 200 day moving average price of $285.03. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $120.70 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 3.23 and a beta of 0.51.

Chubb (NYSE:CB) last posted its quarterly earnings results 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. The company had revenue of $16.15 billion during the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $5.72 EPS. Sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Chubb Company Profile

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.