Chubb Limited (NYSE:CB) Shares Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC boosted its stake in Chubb Limited (NYSE:CB) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,946 shares of the financial services provider’s stock after purchasing an additional 198 shares during the period. Moloney Securities Asset Management LLC’s holdings in Chubb were worth $496,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. ING Groep NV raised its holdings in shares of Chubb by 175,378.1% during the 4th quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after buying an additional 112,242 shares during the period. Van Leeuwen & Company LLC raised its stake in shares of Chubb by 602.7% during the fourth quarter. Van Leeuwen & Company LLC now owns 7,941 shares of the financial services provider’s stock valued at $1,795,000 after purchasing an additional 6,811 shares during the period. MONECO Advisors LLC acquired a new position in shares of Chubb during the fourth quarter worth $209,000. ORG Partners LLC purchased a new position in shares of Chubb in the second quarter valued at $963,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Chubb by 16.7% during 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 purchasing an additional 10,745 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America boosted their price objective on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price objective on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Morgan Stanley dropped their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $270.79.

Insider Activity at Chubb

In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,521 shares of company stock valued at $3,878,712. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $284.18 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The company has a market cap of $115.39 billion, a PE ratio of 12.61, a PEG ratio of 5.21 and a beta of 0.66. Chubb Limited has a 1 year low of $198.67 and a 1 year high of $284.49. The stock’s 50-day moving average price is $266.31 and its two-hundred day moving average price is $259.38.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company 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 company earned $4.92 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Dividend Announcement

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 issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is currently 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.