Benjamin F. Edwards & Company Inc. Has $11.34 Million Stock Position in Chubb Limited (NYSE:CB)

Benjamin F. Edwards & Company Inc. grew its position in shares of Chubb Limited (NYSE:CB) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,453 shares of the financial services provider’s stock after acquiring an additional 3,454 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Chubb were worth $11,339,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new position in shares of Chubb during the 1st quarter worth about $25,000. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $290.71 on Friday. The company has a 50 day moving average of $275.87 and a 200-day moving average of $263.26. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18. 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 company has a market cap of $118.05 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 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 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is 16.16%.

Insider Buying and Selling

In related news, 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 transaction of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, 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 transaction of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 in the last three months. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Roth Mkm lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Morgan Stanley reduced their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $274.70.

About Chubb

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.