Ensign Peak Advisors Inc Has $149.40 Million Stake in Chubb Limited (NYSE:CB)

Ensign Peak Advisors Inc boosted its holdings in Chubb Limited (NYSE:CB) by 10.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 585,692 shares of the financial services provider’s stock after purchasing an additional 53,766 shares during the quarter. Ensign Peak Advisors Inc owned 0.14% of Chubb worth $149,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC bought a new position in Chubb in the 2nd quarter valued at about $963,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Chubb by 16.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after buying an additional 10,745 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Chubb during the 1st quarter valued at approximately $984,000. Sierra Summit Advisors LLC bought a new stake in shares of Chubb during the 4th quarter valued at approximately $844,000. Finally, Leuthold Group LLC bought a new stake in shares of Chubb during the 1st quarter valued at approximately $3,033,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Chubb Stock Performance

Shares of CB stock opened at $290.71 on Friday. Chubb Limited has a 12 month low of $204.15 and a 12 month 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 firm has a market capitalization 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. The firm has a fifty day simple moving average of $275.87 and a two-hundred day simple moving average of $263.26.

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

Chubb Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb’s payout ratio is currently 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.