G&S Capital LLC Sells 87 Shares of Chubb Limited (NYSE:CB)

G&S Capital LLC reduced its holdings in Chubb Limited (NYSE:CB) by 3.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,758 shares of the financial services provider’s stock after selling 87 shares during the period. G&S Capital LLC’s holdings in Chubb were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Epoch Investment Partners Inc. grew its stake in shares of Chubb by 9.3% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,532 shares of the financial services provider’s stock worth $2,193,000 after buying an additional 893 shares in the last quarter. Operose Advisors LLC boosted its stake in shares of Chubb by 336.5% during the 3rd quarter. Operose Advisors LLC now owns 694 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 535 shares during the period. Mendel Money Management purchased a new position in shares of Chubb during the 3rd quarter worth about $216,000. Mather Group LLC. boosted its stake in shares of Chubb by 5.5% during the 3rd quarter. Mather Group LLC. now owns 4,130 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 217 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Chubb by 0.3% during the 3rd quarter. Treasurer of the State of North Carolina now owns 196,584 shares of the financial services provider’s stock worth $40,925,000 after purchasing an additional 684 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CB shares. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $253.00 to $266.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Bank of America raised shares of Chubb from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $244.00 to $266.00 in a research note on Thursday, May 23rd. Citigroup reaffirmed a “neutral” rating and set a $275.00 price target (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. Royal Bank of Canada lowered their price objective on shares of Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Morgan Stanley boosted their price objective on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.70.

Insider Buying and Selling

In related news, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Chubb news, COO John W. Keogh sold 34,707 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Down 1.2 %

NYSE:CB opened at $260.01 on Thursday. Chubb Limited has a one year low of $183.71 and a one year high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $105.58 billion, a P/E ratio of 11.54, a P/E/G ratio of 6.32 and a beta of 0.66. The firm has a 50-day simple moving average of $258.54 and a 200-day simple moving average of $248.09.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.41 EPS. Equities analysts anticipate that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is 16.16%.

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.