Chubb Limited (NYSE:CB) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,052 shares of the financial services provider’s stock after acquiring an additional 760 shares during the quarter. Pacer Advisors Inc.’s holdings in Chubb were worth $9,706,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the first quarter valued at approximately $25,000. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the second quarter valued at approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, 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. In the last ninety days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Chubb stock opened at $290.66 on Monday. Chubb Limited has a fifty-two week low of $204.15 and a fifty-two week high of $294.18. The firm’s 50 day simple moving average is $275.87 and its 200-day simple moving average is $263.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $118.03 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The firm 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 company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.92 EPS. As a group, equities research analysts predict that Chubb Limited will post 21.2 EPS for the current year.

Chubb Dividend Announcement

The firm 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. This represents a $3.64 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, September 13th. Chubb’s payout ratio is 16.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CB shares. Royal Bank of Canada increased their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley decreased their price objective 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. Keefe, Bruyette & Woods boosted their target price on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. JMP Securities increased their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Finally, Bank of America boosted their price objective on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $274.70.

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.