Summit Trail Advisors LLC Sells 902 Shares of Chubb Limited (NYSE:CB)

Summit Trail Advisors LLC decreased its holdings in Chubb Limited (NYSE:CB) by 16.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,677 shares of the financial services provider’s stock after selling 902 shares during the quarter. Summit Trail Advisors LLC’s holdings in Chubb were worth $1,197,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Beacon Capital Management LLC increased its holdings in Chubb by 76.4% in the second 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 in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Chubb in the 1st quarter valued at about $25,000. Chilton Capital Management LLC purchased a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Wellington Shields Capital Management LLC bought a new stake in shares of Chubb during the 1st quarter worth $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Chubb during the fourth quarter valued at $29,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CB. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Barclays initiated coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, 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 report on Wednesday, July 24th. One 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $274.70.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was 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 owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 over the last quarter. 0.86% of the stock is owned by company insiders.

Chubb Stock Up 0.0 %

CB stock opened at $290.66 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $118.03 billion, a P/E ratio of 12.90, a PEG ratio of 5.59 and a beta of 0.66. The company has a 50 day moving average price of $275.87 and a two-hundred day moving average price of $263.36. Chubb Limited has a one year low of $204.15 and a one year high of $294.18.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating 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 firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same period in the previous year, the company posted $4.92 earnings per share. Chubb’s revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that Chubb Limited will post 21.2 EPS for the current 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. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is 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.