Caerus Investment Advisors LLC Lowers Stake in Chubb Limited $CB

Caerus Investment Advisors LLC reduced its position in Chubb Limited (NYSE:CB) by 28.1% in the first quarter, HoldingsChannel.com reports. The firm owned 4,539 shares of the financial services provider’s stock after selling 1,770 shares during the period. Chubb accounts for approximately 0.6% of Caerus Investment Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Caerus Investment Advisors LLC’s holdings in Chubb were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Solutions Advisory Group Inc. bought a new stake in shares of Chubb during the 1st quarter valued at $271,000. Allen Capital Group LLC purchased a new position in shares of Chubb during the 1st quarter valued at $206,000. Axiom Investment Management LLC bought a new position in Chubb in the 1st quarter worth $91,000. Segall Bryant & Hamill LLC bought a new position in Chubb in the 1st quarter worth $5,969,000. Finally, Verus Capital Partners LLC purchased a new stake in Chubb in the 1st quarter worth $1,342,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

CB opened at $351.08 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.28 and a current ratio of 0.29. The stock has a market capitalization of $135.45 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.74 and a beta of 0.40. The company has a fifty day moving average of $338.33 and a 200 day moving average of $328.73. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $365.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.14 EPS. As a group, sell-side analysts forecast that Chubb Limited will post 27.4 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is presently 14.43%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. HSBC cut Chubb from a “buy” rating to a “hold” rating and raised their price target for the company from $370.00 to $373.00 in a report on Monday, July 6th. JPMorgan Chase & Co. upped their price objective on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Wolfe Research increased their target price on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Cantor Fitzgerald lifted their target price on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $354.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $360.09.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company’s stock.

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.