Jupiter Topco LLC Purchases New Shares in Chubb Limited $CB

Jupiter Topco LLC acquired a new position in Chubb Limited (NYSE:CB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 44,418 shares of the financial services provider’s stock, valued at approximately $15,130,000.

Other large investors also recently made changes to their positions in the company. Cherry Tree Wealth Management LLC increased its stake in shares of 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 buying an additional 31 shares in the last quarter. Phillips Wealth Planners LLC lifted its position in Chubb by 1.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after buying an additional 31 shares in the last quarter. Hoxton Planning & Management LLC grew its holdings in Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 31 shares during the last quarter. South Plains Financial Inc. increased its position in Chubb by 2.2% in the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock valued at $500,000 after acquiring an additional 34 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. increased its position in Chubb by 0.8% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock valued at $1,338,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CB shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $354.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Cantor Fitzgerald raised their price target on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Citizens Jmp restated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Morgan Stanley upped their price objective on Chubb from $340.00 to $360.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Finally, Evercore reiterated an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and an average target price of $361.00.

Chubb Trading Up 0.6%

CB opened at $340.34 on Friday. 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 company has a market cap of $131.30 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.65 and a beta of 0.39. The firm has a 50 day simple moving average of $347.46 and a 200 day simple moving average of $333.97. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) 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 firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same period last year, the firm earned $6.14 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that Chubb Limited will post 27.35 earnings per share 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 $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 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.