Leuthold Group LLC Has $2.96 Million Stake in Chubb Limited (NYSE:CB)

Leuthold Group LLC reduced its stake in Chubb Limited (NYSE:CB) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,596 shares of the financial services provider’s stock after selling 107 shares during the quarter. Leuthold Group LLC’s holdings in Chubb were worth $2,958,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the first quarter worth $25,000. Beacon Capital Management LLC lifted its position in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new stake in Chubb during the second quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the second quarter valued at about $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb in the fourth quarter worth about $29,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the 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 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 is available through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated 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 directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by insiders.

Chubb Stock Down 0.6 %

Shares of NYSE CB opened at $289.16 on Thursday. The business has a fifty day moving average of $274.57 and a two-hundred day moving average of $262.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a 52-week low of $204.15 and a 52-week high of $294.18. The stock has a market cap of $117.42 billion, a PE ratio of 12.83, a PEG ratio of 5.59 and a beta of 0.66.

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

Chubb Announces Dividend

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 issued 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 dividend payout ratio is 16.16%.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Morgan Stanley dropped their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Roth Mkm increased their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.