Calamos Advisors LLC Increases Stock Position in Chubb Limited (NYSE:CB)

Calamos Advisors LLC increased its position in Chubb Limited (NYSE:CB) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 204,962 shares of the financial services provider’s stock after purchasing an additional 1,489 shares during the period. Calamos Advisors LLC’s holdings in Chubb were worth $46,321,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Tilt Investment Management Holdings PBC purchased a new position in Chubb in the 4th quarter worth approximately $377,000. Cambridge Trust Co. raised its stake in Chubb by 2.0% during the 4th quarter. Cambridge Trust Co. now owns 2,962 shares of the financial services provider’s stock valued at $669,000 after buying an additional 57 shares during the last quarter. Wright Investors Service Inc. raised its stake in Chubb by 66.8% during the 4th quarter. Wright Investors Service Inc. now owns 9,406 shares of the financial services provider’s stock valued at $2,126,000 after buying an additional 3,768 shares during the last quarter. Peterson Wealth Services purchased a new stake in Chubb during the 4th quarter valued at $1,870,000. Finally, Daiwa Securities Group Inc. raised its stake in Chubb by 5.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 38,849 shares of the financial services provider’s stock valued at $8,780,000 after buying an additional 2,076 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of CB traded up $1.86 during midday trading on Thursday, hitting $245.39. 1,548,981 shares of the company traded hands, compared to its average volume of 1,717,252. The firm has a 50 day moving average of $252.43 and a 200-day moving average of $233.80. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58. The stock has a market cap of $99.63 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. On average, analysts forecast that Chubb Limited will post 21.13 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CB shares. HSBC reiterated a “hold” rating and set a $270.00 target price (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. Citigroup reiterated a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Royal Bank of Canada upped their price objective on Chubb from $255.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Evercore ISI upped their price objective on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company upped their price objective on Chubb from $234.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.37.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the sale, the insider now owns 130,937 shares in the company, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 in the last 90 days. Insiders own 0.86% of the company’s stock.

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.