Brighton Jones LLC Has $448,000 Stock Holdings in Chubb Limited (NYSE:CB)

Brighton Jones LLC decreased its position in shares of Chubb Limited (NYSE:CB) by 8.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,758 shares of the financial services provider’s stock after selling 157 shares during the period. Brighton Jones LLC’s holdings in Chubb were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after buying an additional 2,064,730 shares during the last quarter. Capital World Investors lifted its stake in Chubb by 6.6% in the first quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after acquiring an additional 685,677 shares during the last quarter. Confluence Investment Management LLC bought a new stake in Chubb in the first quarter worth approximately $165,932,000. Bank of Nova Scotia increased its stake in shares of Chubb by 198.8% during the 4th quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after purchasing an additional 518,535 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Chubb by 14.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after purchasing an additional 457,881 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. JMP Securities raised their price objective on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Bank of America boosted their target price on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $274.70.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb 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 approximately $167,748,829.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Up 0.0 %

NYSE CB opened at $290.66 on Friday. Chubb Limited has a twelve month low of $204.15 and a twelve month high of $294.18. The stock has a market cap of $118.03 billion, a PE ratio of 12.90, a PEG ratio of 5.59 and a beta of 0.66. The firm has a 50-day simple moving average of $275.87 and a 200 day simple moving average of $263.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during 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%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $4.92 EPS. On average, research analysts forecast that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

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

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.