Caxton Associates LP Acquires New Holdings in Chubb Ltd (NYSE:CB)

Caxton Associates LP purchased a new position in Chubb Ltd (NYSE:CB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,700 shares of the financial services provider’s stock, valued at approximately $670,000.

Other hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new position in Chubb during the 2nd quarter worth approximately $106,000. Atlantic Trust LLC purchased a new position in Chubb during the 2nd quarter worth approximately $116,000. Horan Capital Advisors LLC. purchased a new position in Chubb during the 3rd quarter worth approximately $133,000. Shine Investment Advisory Services Inc. purchased a new position in Chubb during the 2nd quarter worth approximately $185,000. Finally, Highland Private Wealth Management purchased a new position in Chubb during the 2nd quarter worth approximately $197,000. 88.17% of the stock is currently owned by institutional investors.

CB has been the subject of several recent analyst reports. Wells Fargo & Co reissued a “buy” rating and issued a $164.00 price target on shares of Chubb in a report on Thursday, September 28th. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Goldman Sachs Group began coverage on shares of Chubb in a research note on Monday, December 4th. They set a “buy” rating and a $167.00 target price on the stock. Credit Suisse Group reaffirmed a “neutral” rating and set a $156.00 target price on shares of Chubb in a research note on Tuesday, December 19th. Finally, UBS Group boosted their price target on shares of Chubb from $160.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $161.09.

In other news, CEO Evan G. Greenberg sold 95,761 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $145.56, for a total value of $13,938,971.16. Following the completion of the sale, the chief executive officer now directly owns 1,367,229 shares of the company’s stock, valued at $199,013,853.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John J. Lupica sold 16,674 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $152.02, for a total value of $2,534,781.48. The disclosure for this sale can be found here. Insiders sold 164,956 shares of company stock worth $24,417,316 over the last quarter. 0.43% of the stock is currently owned by insiders.

Shares of Chubb Ltd (CB) traded down $3.83 during trading hours on Tuesday, reaching $142.30. 1,748,839 shares of the company’s stock were exchanged, compared to its average volume of 1,648,750. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $66,060.00, a price-to-earnings ratio of 17.06, a PEG ratio of 2.06 and a beta of 0.95. Chubb Ltd has a one year low of $127.15 and a one year high of $156.00.

Chubb (NYSE:CB) last released its earnings results on Thursday, October 26th. The financial services provider reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.11. Chubb had a net margin of 12.15% and a return on equity of 7.22%. The firm had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the firm earned $2.88 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. equities analysts forecast that Chubb Ltd will post 7.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 29th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.84 annualized dividend and a yield of 2.00%. Chubb’s dividend payout ratio is currently 34.05%.

Chubb announced that its board has authorized a stock buyback plan on Thursday, December 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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About Chubb

Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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