Sfmg LLC Boosts Stake in Chubb Limited (NYSE:CB)

Sfmg LLC lifted its holdings in Chubb Limited (NYSE:CB) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,641 shares of the financial services provider’s stock after purchasing an additional 104 shares during the quarter. Sfmg LLC’s holdings in Chubb were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new position in shares of Chubb in the second quarter worth $963,000. Mirae Asset Global Investments Co. Ltd. increased its position in Chubb by 16.7% during the first 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 acquiring an additional 10,745 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Chubb during the first quarter valued at $984,000. Sierra Summit Advisors LLC purchased a new stake in Chubb during the fourth quarter valued at $844,000. Finally, Leuthold Group LLC purchased a new stake in Chubb during the first quarter valued at $3,033,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CB shares. Keefe, Bruyette & Woods upped their price objective on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research 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. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Roth Mkm boosted their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $274.70.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last quarter. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

NYSE CB opened at $289.79 on Wednesday. The firm has a market cap of $117.67 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $277.07 and a 200-day moving average price of $264.04. Chubb Limited has a twelve month low of $204.15 and a twelve month high of $294.18.

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

Chubb Announces Dividend

The company 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio 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.