Benjamin Edwards Inc. Sells 191 Shares of Chubb Limited (NYSE:CB)

Benjamin Edwards Inc. trimmed its position in Chubb Limited (NYSE:CB) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,354 shares of the financial services provider’s stock after selling 191 shares during the quarter. Benjamin Edwards Inc.’s holdings in Chubb were worth $600,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC bought a new position in Chubb in the first quarter valued at about $25,000. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% during the 2nd 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 last quarter. Chilton Capital Management LLC acquired a new position in Chubb during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in Chubb in the 2nd quarter valued at approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb in the fourth quarter valued at approximately $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CB. Bank of America upped their price target on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods increased their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. One 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $274.70.

Insider Buying and Selling

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 value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. The transaction was disclosed in a document filed 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 shares were 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 directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by company insiders.

Chubb Price Performance

Chubb stock opened at $290.71 on Friday. The stock has a market capitalization of $118.05 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 5.59 and a beta of 0.66. Chubb Limited has a 52-week low of $204.15 and a 52-week high of $294.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s 50 day moving average price is $275.87 and its two-hundred day moving average price is $263.26.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the prior year, the firm earned $4.92 earnings per share. Chubb’s revenue was up 11.8% on a year-over-year basis. On average, equities analysts predict that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Dividend Announcement

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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s payout ratio is 16.16%.

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.