SPC Financial Inc. Acquires 156 Shares of Chubb Limited (NYSE:CB)

SPC Financial Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,312 shares of the financial services provider’s stock after buying an additional 156 shares during the quarter. SPC Financial Inc.’s holdings in Chubb were worth $4,161,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Beacon Capital Management LLC boosted 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 during the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Chubb in the 1st quarter worth $25,000. Chilton Capital Management LLC bought a new stake in shares of Chubb in the second quarter worth $26,000. Wellington Shields Capital Management LLC bought a new stake in shares of Chubb in the first quarter worth $29,000. Finally, Kimelman & Baird LLC purchased a new stake in Chubb during the second quarter valued at $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $288.39 on Tuesday. Chubb Limited has a 12 month low of $204.15 and a 12 month high of $294.18. The stock’s fifty day moving average price is $279.09 and its 200-day moving average price is $264.94. The firm has a market cap of $117.10 billion, a P/E ratio of 12.80, a P/E/G ratio of 5.74 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 (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the previous year, the business posted $4.92 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb’s payout ratio is 16.16%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CB. Bank of America boosted their price target on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Barclays started coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. Royal Bank of Canada increased their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods raised 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. One research 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 company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus price target of $274.70.

Insider Transactions at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,636 shares of company stock valued at $24,874,208. Corporate insiders own 0.86% of the company’s stock.

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.