Chubb Limited $CB Stake Boosted by Americana Partners LLC

Americana Partners LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 5,203.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,247 shares of the financial services provider’s stock after acquiring an additional 45,375 shares during the quarter. Americana Partners LLC’s holdings in Chubb were worth $15,042,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CB. IMG Wealth Management Inc. bought a new position in shares of Chubb in the 2nd quarter worth $25,000. Dunhill Financial LLC bought a new position in Chubb in the second quarter valued at $25,000. Parvin Asset Management LLC purchased a new stake in Chubb during the second quarter valued at about $26,000. Highland Investment Advisors LLC purchased a new stake in Chubb during the second quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC lifted its stake in 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 last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Up 0.5%

Shares of CB stock opened at $364.12 on Friday. The stock has a market capitalization of $139.12 billion, a PE ratio of 12.38, a P/E/G ratio of 1.68 and a beta of 0.36. Chubb Limited has a 1-year low of $273.35 and a 1-year high of $369.00. The business has a 50-day moving average of $343.33 and a 200 day moving average of $333.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.29.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a return on equity of 14.41% and a net margin of 18.15%. The business had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.66 billion. During the same period in the previous year, the firm earned $7.49 EPS. As a group, sell-side analysts anticipate that Chubb Limited will post 28.82 earnings per share for the current year.

Chubb Announces Dividend

The company 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 (DPR) is currently 14.28%.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Boroughs sold 13,596 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the completion of the sale, the executive vice president directly owned 5,588 shares in the company, valued at approximately $1,993,630.76. This represents a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at $4,417,035. The trade was 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 owned by insiders.

Analysts Set New Price Targets

CB has been the subject of a number of research reports. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their target price on Chubb from $371.00 to $374.00 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $333.00 target price on shares of Chubb in a research note on Wednesday, October 21st. Weiss Ratings upgraded shares of Chubb from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday, October 16th. Finally, Piper Sandler lifted their price target on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $362.78.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.