Chubb Limited $CB Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Chubb Limited (NYSE:CB) by 32.5% in the third quarter, Holdings Channel reports. The institutional investor owned 211,460 shares of the financial services provider’s stock after acquiring an additional 51,810 shares during the quarter. Calamos Advisors LLC’s holdings in Chubb were worth $68,777,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CB. Alta Advisers Ltd lifted its holdings in Chubb by 102.5% during the third quarter. Alta Advisers Ltd now owns 2,544 shares of the financial services provider’s stock valued at $827,000 after purchasing an additional 1,288 shares in the last quarter. Argonautica Private Wealth Management Inc. boosted its holdings in Chubb by 0.8% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 11,140 shares of the financial services provider’s stock worth $3,623,000 after buying an additional 85 shares during the last quarter. Principle Wealth Partners LLC boosted its holdings in Chubb by 7.4% in the 3rd quarter. Principle Wealth Partners LLC now owns 3,882 shares of the financial services provider’s stock worth $1,263,000 after buying an additional 266 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Chubb by 2.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 39,361 shares of the financial services provider’s stock worth $12,802,000 after buying an additional 891 shares in the last quarter. Finally, Claro Advisors Inc. increased its stake in Chubb by 3.9% during the 3rd quarter. Claro Advisors Inc. now owns 5,329 shares of the financial services provider’s stock worth $1,733,000 after buying an additional 199 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 1.8%

CB traded down $6.56 during trading hours on Friday, reaching $365.07. The company’s stock had a trading volume of 1,627,138 shares, compared to its average volume of 1,516,640. The business’s 50-day moving average is $346.04 and its 200-day moving average is $335.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $139.49 billion, a PE ratio of 12.77, a P/E/G ratio of 1.71 and a beta of 0.29. Chubb Limited has a fifty-two week low of $282.99 and a fifty-two week high of $384.26.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.77 by $0.89. The business had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same period last year, the business posted $7.49 earnings per share. As a group, equities research analysts predict that Chubb Limited will post 28.89 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a $1.02 dividend. The ex-dividend date was Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. Chubb’s dividend payout ratio is presently 14.28%.

Insiders Place Their Bets

In other news, Director Michael P. Connors sold 5,500 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. This represents a 30.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Evan Greenberg sold 13,889 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the completion of the transaction, the chief executive officer directly owned 277,274 shares of the company’s stock, valued at approximately $99,824,185.48. This trade represents a 4.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,985 shares of company stock valued at $11,748,463 over the last quarter. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CB. Cantor Fitzgerald restated a “neutral” rating and issued a $333.00 target price on shares of Chubb in a research report on Wednesday, October 21st. Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday, July 15th. Citizens Jmp restated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a report on Friday, July 10th. Finally, Morgan Stanley lifted their target price on shares of Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $362.78.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty insurance, accident and health coverage, life insurance, and reinsurance. Its customers include individuals, businesses, and institutions, with products ranging from personal and commercial coverage to specialized insurance solutions.

The company serves customers across North America, Europe, Asia-Pacific, Latin America, and other markets. Its operations include underwriting, claims services, and risk management for a broad range of industries and personal insurance needs.

Chubb’s current corporate history dates to 2016, when ACE Limited acquired The Chubb Corporation and adopted the Chubb name.