Chubb Limited $CB Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 121,789 shares of the financial services provider’s stock, valued at approximately $39,612,000.

Several other institutional investors have also recently made changes to their positions in CB. Profund Advisors LLC lifted its position in Chubb by 8.1% during the third quarter. Profund Advisors LLC now owns 3,268 shares of the financial services provider’s stock valued at $1,063,000 after acquiring an additional 246 shares during the last quarter. Vise Technologies Inc. boosted its stake in Chubb by 25.1% in the third quarter. Vise Technologies Inc. now owns 53,862 shares of the financial services provider’s stock valued at $17,519,000 after acquiring an additional 10,818 shares in the last quarter. Investment Partners LTD. purchased a new position in Chubb in the third quarter worth $390,000. Unison Advisors LLC grew its holdings in Chubb by 0.3% in the third quarter. Unison Advisors LLC now owns 13,799 shares of the financial services provider’s stock worth $4,502,000 after purchasing an additional 37 shares during the last quarter. Finally, Invera Wealth Advisors LLC increased its position in shares of Chubb by 2.1% during the third quarter. Invera Wealth Advisors LLC now owns 3,222 shares of the financial services provider’s stock worth $1,048,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB stock opened at $364.12 on Monday. Chubb Limited has a 52-week low of $273.35 and a 52-week high of $369.00. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $139.12 billion, a P/E ratio of 12.74, a PEG ratio of 1.69 and a beta of 0.36. The company’s 50-day simple moving average is $343.33 and its 200-day simple moving average is $333.76.

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

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio is presently 14.28%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Morgan Stanley lifted their target price on shares of Chubb from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 27th. Cantor Fitzgerald reissued a “neutral” rating and set a $333.00 target price on shares of Chubb in a research report on Wednesday, October 21st. Finally, Mizuho upped their price target on shares of Chubb from $336.00 to $350.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $362.78.

Insider Buying and Selling

In related news, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Boroughs sold 13,596 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the transaction, the executive vice president directly owned 5,588 shares of the company’s stock, valued at $1,993,630.76. The trade was a 70.87% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.

About Chubb

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.