Ensign Peak Advisors Inc boosted its holdings in Chubb Limited (NYSE:CB – Free Report) by 10.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 585,692 shares of the financial services provider’s stock after purchasing an additional 53,766 shares during the quarter. Ensign Peak Advisors Inc owned 0.14% of Chubb worth $149,398,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC bought a new position in Chubb in the 2nd quarter valued at about $963,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Chubb by 16.7% in the 1st 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 buying an additional 10,745 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Chubb during the 1st quarter valued at approximately $984,000. Sierra Summit Advisors LLC bought a new stake in shares of Chubb during the 4th quarter valued at approximately $844,000. Finally, Leuthold Group LLC bought a new stake in shares of Chubb during the 1st quarter valued at approximately $3,033,000. Institutional investors and hedge funds own 83.81% of the company’s stock.
Insider Activity at Chubb
In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’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 sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’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 sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated 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. Over the last 90 days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on Chubb
Chubb Stock Performance
Shares of CB stock opened at $290.71 on Friday. Chubb Limited has a 12 month low of $204.15 and a 12 month high of $294.18. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $118.05 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The firm has a fifty day simple moving average of $275.87 and a two-hundred day simple moving average of $263.26.
Chubb (NYSE:CB – Get Free Report) last posted 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 firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the prior year, the business posted $4.92 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 21.2 EPS for the current fiscal year.
Chubb Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 1.25%. Chubb’s payout ratio is currently 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.
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