GAMMA Investing LLC Buys 1,330 Shares of Chubb Limited (NYSE:CB)

GAMMA Investing LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 36.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,941 shares of the financial services provider’s stock after buying an additional 1,330 shares during the quarter. GAMMA Investing LLC’s holdings in Chubb were worth $1,425,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CB. Capital World Investors increased its holdings in Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Capital Research Global Investors raised its holdings in Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after buying an additional 2,064,730 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Chubb by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after buying an additional 63,891 shares during the period. Legal & General Group Plc grew its holdings in Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after acquiring an additional 104,986 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Chubb by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after acquiring an additional 457,881 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Down 4.6 %

CB stock opened at $277.18 on Tuesday. The stock’s 50 day simple moving average is $281.24 and its 200 day simple moving average is $265.87. The company has a market cap of $112.55 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a fifty-two week low of $205.64 and a fifty-two week high of $294.18.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the prior year, the firm earned $4.92 earnings per share. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts expect that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

CB has been the topic of several analyst reports. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Roth Mkm increased their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America lowered Chubb from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $264.00 to $275.00 in a research note on Friday. Keefe, Bruyette & Woods increased their target price on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $280.22.

Chubb Company Profile

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.