Richardson Financial Services Inc. Has $86,000 Position in Chubb Limited (NYSE:CB)

Richardson Financial Services Inc. decreased its holdings in shares of Chubb Limited (NYSE:CB) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 336 shares of the financial services provider’s stock after selling 46 shares during the period. Richardson Financial Services Inc.’s holdings in Chubb were worth $86,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bard Financial Services Inc. grew its holdings in Chubb by 3.7% during the first quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 40 shares during the period. Parkside Financial Bank & Trust raised its stake in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after buying an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. lifted its holdings in Chubb by 1.9% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 40 shares in the last quarter. Equitable Trust Co. grew its stake in Chubb by 1.4% in the first quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 41 shares during the period. Finally, Quotient Wealth Partners LLC increased its holdings in shares of Chubb by 4.1% in the second quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Up 0.5 %

Shares of NYSE CB opened at $290.58 on Friday. The company has a market cap of $117.99 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 5.59 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $275.22 and a two-hundred day moving average price of $262.97. Chubb Limited has a 12 month low of $204.15 and a 12 month high of $294.18.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $4.92 EPS. As a group, analysts forecast that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s payout ratio is 16.16%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CB shares. JMP Securities increased their target price on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Royal Bank of Canada increased their price target on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Roth Mkm upped their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $274.70.

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.