Osmosis Investment Management UK Ltd Invests $4.24 Million in Chubb Limited $CB

Osmosis Investment Management UK Ltd acquired a new stake in Chubb Limited (NYSE:CB) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 12,446 shares of the financial services provider’s stock, valued at approximately $4,241,000.

Other hedge funds have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in Chubb during the 2nd quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in shares of Chubb during the second quarter valued at $25,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Frazier Financial Advisors LLC lifted its holdings in shares of Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the period. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb during the first quarter worth $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 8,502 shares of Chubb 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 in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

CB stock opened at $341.15 on Monday. The firm has a market cap of $131.62 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.65 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. The stock has a 50-day moving average price of $345.88 and a 200-day moving average price of $333.46. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the prior year, the company earned $6.14 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Chubb Limited will post 27.49 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is 14.43%.

Analyst Ratings Changes

A number of analysts recently weighed in on CB shares. Weiss Ratings upgraded Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. HSBC cut Chubb from a “buy” rating to a “hold” rating and increased their price target for the company from $370.00 to $373.00 in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $354.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Cantor Fitzgerald lifted their price objective on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $361.00.

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.