Susquehanna Fundamental Investments LLC Buys 101,143 Shares of Chubb Limited $CB

Susquehanna Fundamental Investments LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 96.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 205,672 shares of the financial services provider’s stock after purchasing an additional 101,143 shares during the quarter. Chubb comprises about 1.3% of Susquehanna Fundamental Investments LLC’s investment portfolio, making the stock its 7th largest position. Susquehanna Fundamental Investments LLC’s holdings in Chubb were worth $70,081,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CB. IMG Wealth Management Inc. acquired a new stake in shares of Chubb in the 2nd quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new position in Chubb during the second quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC increased its stake in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in Chubb in the second quarter worth $26,000. Finally, Frazier Financial Advisors LLC raised its holdings in Chubb by 86.4% in 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. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CB shares. Citigroup reissued a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. Citizens Jmp reissued a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Cantor Fitzgerald increased their price target on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Piper Sandler raised their price target on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, Mizuho lifted their price objective on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $361.00.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by company insiders.

Chubb Trading Up 0.1%

CB opened at $340.34 on Monday. The stock has a market capitalization of $131.30 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.66 and a beta of 0.39. Chubb Limited has a 12 month low of $265.30 and a 12 month high of $365.91. The firm’s fifty day simple moving average is $347.46 and its 200 day simple moving average is $334.02. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $15.07 billion. During the same period in the prior year, the business earned $6.14 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts anticipate that Chubb Limited will post 27.35 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

About Chubb

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.