Profund Advisors LLC Decreases Holdings in Chubb Limited (NYSE:CB)

Profund Advisors LLC lowered its holdings in shares of Chubb Limited (NYSE:CB) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,907 shares of the financial services provider’s stock after selling 127 shares during the period. Profund Advisors LLC’s holdings in Chubb were worth $1,507,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in CB. Gryphon Financial Partners LLC purchased a new stake in Chubb during the 4th quarter valued at about $597,000. SageView Advisory Group LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $455,000. Congress Wealth Management LLC DE increased its stake in shares of Chubb by 9.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 1,978 shares of the financial services provider’s stock worth $447,000 after buying an additional 164 shares during the period. Heritage Wealth Advisors boosted its position in Chubb by 9.9% during the 4th quarter. Heritage Wealth Advisors now owns 666 shares of the financial services provider’s stock valued at $151,000 after buying an additional 60 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Chubb by 2.0% in the 4th quarter. Parallel Advisors LLC now owns 4,929 shares of the financial services provider’s stock worth $1,114,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $292.11 on Tuesday. Chubb Limited has a one year low of $204.15 and a one year high of $294.18. The company has a market capitalization of $118.61 billion, a PE ratio of 12.97, a P/E/G ratio of 5.59 and a beta of 0.66. 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 company has a 50-day simple moving average of $276.51 and a two-hundred day simple moving average of $263.75.

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. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.92 EPS. Research analysts expect that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid 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 dividend yield of 1.25%. Chubb’s payout ratio is currently 16.16%.

Analyst Ratings Changes

A number of brokerages recently commented on CB. Royal Bank of Canada raised their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Bank of America boosted their price target on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. JMP Securities raised their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. Finally, 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 note on Wednesday, July 10th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $274.70.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction dated 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 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 document filed with the SEC, which is available at the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated Monday, September 9th. The stock was 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 owns 553,664 shares in the company, valued at approximately $160,341,094.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’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 transaction of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock valued at $24,874,208 in the last ninety days. Company insiders own 0.86% of the company’s stock.

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.