Assenagon Asset Management S.A. Increases Stake in Chubb Limited (NYSE:CB)

Assenagon Asset Management S.A. raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 4,559.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 844,832 shares of the financial services provider's stock after purchasing an additional 826,700 shares during the period. Assenagon Asset Management S.A. owned 0.21% of Chubb worth $243,641,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CB. Sound Income Strategies LLC grew its stake in Chubb by 759.3% during the first quarter. Sound Income Strategies LLC now owns 232 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 205 shares in the last quarter. Aspiriant LLC grew its stake in Chubb by 7.2% during the first quarter. Aspiriant LLC now owns 1,047 shares of the financial services provider's stock valued at $271,000 after acquiring an additional 70 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in Chubb by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 4,002 shares of the financial services provider's stock valued at $1,037,000 after acquiring an additional 84 shares in the last quarter. Thrive Wealth Management LLC purchased a new position in Chubb during the first quarter valued at approximately $212,000. Finally, Transform Wealth LLC grew its stake in Chubb by 4.3% during the first quarter. Transform Wealth LLC now owns 34,805 shares of the financial services provider's stock valued at $9,048,000 after acquiring an additional 1,427 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the subject of several recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $300.00 price objective on shares of Chubb in a research note on Tuesday, October 15th. Jefferies Financial Group boosted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Roth Mkm lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted 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. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of "Hold" and an average price target of $282.37.

Chubb Trading Down 0.4 %

NYSE:CB traded down $1.05 during midday trading on Thursday, reaching $293.95. 962,820 shares of the stock traded hands, compared to its average volume of 1,609,963. The company has a fifty day moving average of $286.43 and a 200 day moving average of $268.90. Chubb Limited has a 12 month low of $207.46 and a 12 month high of $302.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $119.36 billion, a P/E ratio of 13.05, a PEG ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.92 EPS. On average, research analysts predict that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, September 13th. Chubb's payout ratio is currently 16.16%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company's stock, valued at approximately $167,748,829.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Evan G. Greenberg sold 30,537 shares of the company's stock in a transaction dated 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 $167,748,829.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the company's stock in a transaction dated 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 directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is currently owned by company insiders.

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.