University of Texas Texas AM Investment Management Co. Acquires 6,275 Shares of Chubb Limited (NYSE:CB)

University of Texas Texas AM Investment Management Co. increased its stake in Chubb Limited (NYSE:CB) by 3,826.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,439 shares of the financial services provider’s stock after purchasing an additional 6,275 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Chubb were worth $1,642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Pathway Financial Advisers LLC purchased a new position in shares of Chubb during the 1st quarter valued at about $25,000. Beacon Capital Management LLC lifted its holdings in Chubb by 76.4% during 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 in the last quarter. Chilton Capital Management LLC bought a new position in shares of Chubb in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the second quarter worth $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Chubb during the 4th quarter valued at $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Up 1.3 %

CB stock opened at $292.15 on Wednesday. Chubb Limited has a twelve month low of $204.15 and a twelve month high of $294.18. The stock has a market capitalization of $118.63 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 5.74 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 firm’s fifty day simple moving average is $279.68 and its two-hundred day simple moving average is $265.19.

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 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 company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the prior year, the company posted $4.92 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction 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 sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 in the company, valued at $167,748,829.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last quarter. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on CB shares. Morgan Stanley dropped their target price 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. Barclays began coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Roth Mkm increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, JMP Securities boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $274.70.

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.