Harvest Fund Management Co. Ltd Has $796,000 Stock Position in Chubb Limited (NYSE:CB)

Harvest Fund Management Co. Ltd lifted its stake in Chubb Limited (NYSE:CB) by 70.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,760 shares of the financial services provider’s stock after purchasing an additional 1,143 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Chubb were worth $796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. International Assets Investment Management LLC boosted its position in shares of Chubb by 28,885.3% in the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after purchasing an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after acquiring an additional 826,700 shares in the last quarter. Troy Asset Management Ltd bought a new position in Chubb during the second quarter worth about $106,975,000. Van Lanschot Kempen Investment Management N.V. bought a new position in Chubb during the second quarter worth about $93,411,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Chubb by 349.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 463,300 shares of the financial services provider’s stock worth $118,179,000 after acquiring an additional 360,300 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 6,599 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total value of $1,894,308.94. Following the transaction, the executive vice president now owns 84,101 shares of the company’s stock, valued at approximately $24,142,033.06. This represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 directly owns 103,950 shares in the company, valued at $29,676,685.50. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,715 shares of company stock valued at $23,803,540 over the last 90 days. 0.86% of the stock is currently owned by insiders.

Chubb Price Performance

NYSE:CB opened at $286.41 on Tuesday. The stock’s 50-day simple moving average is $287.37 and its 200 day simple moving average is $274.81. The company has a market cap of $115.45 billion, a P/E ratio of 11.73, a P/E/G ratio of 6.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.95 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 21.77 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JMP Securities lifted their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their price target on Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $287.37.

Chubb 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.