MGO One Seven LLC Raises Stake in Chubb Limited $CB

MGO One Seven LLC raised its position in Chubb Limited (NYSE:CB) by 331.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,685 shares of the financial services provider’s stock after purchasing an additional 25,101 shares during the period. MGO One Seven LLC’s holdings in Chubb were worth $9,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Citizens Financial Group Inc. RI increased its holdings in Chubb by 153.4% in the third quarter. Citizens Financial Group Inc. RI now owns 48,286 shares of the financial services provider’s stock valued at $13,653,000 after buying an additional 29,233 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Chubb by 40.1% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 12,552 shares of the financial services provider’s stock worth $3,551,000 after buying an additional 3,590 shares during the last quarter. Tema Etfs LLC acquired a new position in shares of Chubb in the 3rd quarter valued at $2,001,000. Cedar Mountain Advisors LLC increased its position in shares of Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. Finally, Freedom Day Solutions LLC increased its position in Chubb by 3.6% during the third quarter. Freedom Day Solutions LLC now owns 7,732 shares of the financial services provider’s stock worth $2,182,000 after buying an additional 270 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider directly owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock valued at $16,629,873 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Chubb stock opened at $306.75 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $316.94. The stock has a fifty day moving average of $301.38 and a two-hundred day moving average of $285.36. The company has a market capitalization of $120.72 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 3.21 and a beta of 0.51.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter last year, the company earned $5.72 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CB shares. The Goldman Sachs Group upgraded shares of Chubb from a “neutral” rating to a “buy” rating and raised their target price for the stock from $309.00 to $351.00 in a research report on Wednesday. Bank of America lifted their price objective on shares of Chubb from $276.00 to $279.00 and gave the company an “underperform” rating in a research report on Monday, October 13th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, October 22nd. Wolfe Research increased their price target on shares of Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Finally, Citigroup lifted their price objective on Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $318.00.

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.