Deutsche Bank AG Makes New Investment in Chubb Limited $CB

Deutsche Bank AG purchased a new stake in Chubb Limited (NYSE:CB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,052,541 shares of the financial services provider’s stock, valued at approximately $358,643,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. Cherry Tree Wealth Management LLC raised its position 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 purchasing an additional 31 shares during the period. Phillips Wealth Planners LLC raised its position in Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 31 shares in the last quarter. Hoxton Planning & Management LLC raised its holdings in Chubb by 4.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 31 shares in the last quarter. G&S Capital LLC lifted its position in shares of Chubb by 1.5% during the 4th quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 34 shares during the last quarter. Finally, South Plains Financial Inc. lifted its holdings in Chubb by 2.2% during the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock worth $500,000 after buying an additional 34 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on CB shares. Barclays set a $387.00 price objective on shares of Chubb in a research note on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Cantor Fitzgerald raised their target price on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. UBS Group boosted their price target on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and increased their price objective for the company from $370.00 to $373.00 in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $360.09.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were 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 owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of CB stock opened at $341.24 on Tuesday. The company’s fifty day simple moving average is $344.69 and its 200-day simple moving average is $332.47. The company has a market cap of $131.65 billion, a PE ratio of 12.07, a P/E/G ratio of 1.70 and a beta of 0.39. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the company posted $6.14 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that Chubb Limited will post 27.45 EPS for the current year.

Chubb Announces Dividend

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

Chubb 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.