Intech Investment Management LLC Has $3.32 Million Stock Holdings in Chubb Limited (NYSE:CB)

Intech Investment Management LLC increased its position in shares of Chubb Limited (NYSE:CB) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,018 shares of the financial services provider’s stock after acquiring an additional 1,876 shares during the period. Intech Investment Management LLC’s holdings in Chubb were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CB. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb during the first quarter worth $25,000. Beacon Capital Management LLC raised 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 buying an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new position in Chubb during the second quarter valued at about $26,000. Strategic Financial Concepts LLC bought a new position in Chubb during the second quarter valued at about $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Chubb during the fourth quarter valued at about $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CB. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Bank of America raised their price target on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. JMP Securities lifted their target price on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Royal Bank of Canada raised their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley cut their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chubb has an average rating of “Hold” and an average price target of $274.70.

Insiders Place Their Bets

In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of Chubb 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 $160,341,094.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,636 shares of company stock worth $24,874,208. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

CB stock opened at $290.66 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The company has a 50 day moving average price of $275.87 and a 200 day moving average price of $263.45. Chubb Limited has a fifty-two week low of $204.15 and a fifty-two week high of $294.18. The stock has a market capitalization of $118.03 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66.

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 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 analysts’ expectations of $13.04 billion. During the same quarter in the previous year, the company posted $4.92 EPS. Chubb’s revenue was up 11.8% on a year-over-year basis. Analysts forecast that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued 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 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.