Pacer Advisors Inc. Has $10.76 Million Stake in Chubb Limited $CB

Pacer Advisors Inc. raised its position in Chubb Limited (NYSE:CB) by 9.2% in the third quarter, HoldingsChannel.com reports. The fund owned 38,125 shares of the financial services provider’s stock after purchasing an additional 3,199 shares during the quarter. Pacer Advisors Inc.’s holdings in Chubb were worth $10,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Modern Wealth Management LLC grew its holdings in Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 143 shares during the last quarter. Assetmark Inc. raised its stake in shares of Chubb by 14.1% during the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after acquiring an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC lifted its holdings in shares of Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 130 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Chubb by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock worth $16,750,000 after purchasing an additional 12,784 shares during the last quarter. Finally, Investment Partners Asset Management Inc. increased its holdings in Chubb by 19.3% in the second quarter. Investment Partners Asset Management Inc. now owns 1,789 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 290 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of CB stock opened at $313.51 on Friday. The firm has a 50 day moving average of $294.47 and a 200-day moving average of $283.53. The company has a market cap of $123.38 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $314.68.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.72 EPS. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

Insider Activity at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the transaction, the executive vice president directly owned 1,585 shares in the company, valued at $467,876.15. The trade was a 34.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last three months. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Citigroup lifted their target price on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Mizuho assumed coverage on Chubb in a research note on Monday, December 15th. They issued a “neutral” rating and a $318.00 price objective on the stock. Wolfe Research upped their target price on Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. HSBC raised their price target on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. Finally, Jefferies Financial Group boosted their price target on shares of Chubb from $302.00 to $326.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $311.90.

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.