ProShare Advisors LLC Buys 7,440 Shares of Chubb Limited (NYSE:CB)

ProShare Advisors LLC grew its stake in Chubb Limited (NYSE:CB) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 789,602 shares of the financial services provider’s stock after acquiring an additional 7,440 shares during the period. ProShare Advisors LLC owned 0.19% of Chubb worth $201,412,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CB. Gryphon Financial Partners LLC bought a new position in shares of Chubb in the 4th quarter valued at about $597,000. Franklin Resources Inc. lifted its stake in Chubb by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 271,463 shares of the financial services provider’s stock valued at $61,351,000 after purchasing an additional 1,795 shares during the last quarter. FineMark National Bank & Trust lifted its stake in Chubb by 6.5% in the 4th quarter. FineMark National Bank & Trust now owns 2,657 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 162 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in Chubb in the 4th quarter valued at about $455,000. Finally, Team Hewins LLC acquired a new stake in Chubb in the 4th quarter valued at about $307,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Bank of America raised their target price on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. JMP Securities raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Morgan Stanley cut their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $274.70.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chubb news, 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 transaction of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last three months. 0.86% of the stock is owned by insiders.

Chubb Stock Up 0.0 %

NYSE CB opened at $290.66 on Friday. The company has a 50 day moving average of $275.87 and a 200-day moving average of $263.36. The company has a market cap of $118.03 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. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $4.92 earnings per share. On average, equities research analysts expect that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

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.