XTX Topco Ltd Acquires Shares of 13,043 Chubb Limited (NYSE:CB)

XTX Topco Ltd bought a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,043 shares of the financial services provider’s stock, valued at approximately $3,327,000.

A number of other hedge funds have also made changes to their positions in the company. Gryphon Financial Partners LLC acquired a new position in Chubb in the 4th quarter valued at about $597,000. Sachetta LLC acquired a new position in Chubb in the fourth quarter valued at $40,000. Assetmark Inc. lifted its holdings in shares of Chubb by 9.1% during the fourth quarter. Assetmark Inc. now owns 57,203 shares of the financial services provider’s stock worth $12,928,000 after purchasing an additional 4,756 shares during the period. Franklin Resources Inc. lifted its stake in shares of Chubb by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 271,463 shares of the financial services provider’s stock valued at $61,351,000 after purchasing an additional 1,795 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its stake in Chubb by 0.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock valued at $609,880,000 after acquiring an additional 24,323 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $289.16 on Thursday. The stock has a market capitalization of $117.42 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 5.59 and a beta of 0.66. The firm has a fifty day simple moving average of $274.57 and a 200-day simple moving average of $262.77. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the firm earned $4.92 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts expect that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CB shares. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. Roth Mkm raised their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada boosted their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, JMP Securities upped their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $274.70.

Insider Buying and Selling

In other news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last 90 days. 0.86% of the stock is owned by insiders.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.