iA Global Asset Management Inc. Increases Stock Holdings in Chubb Limited (NYSE:CB)

iA Global Asset Management Inc. increased its holdings in Chubb Limited (NYSE:CB) by 51.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,951 shares of the financial services provider’s stock after purchasing an additional 3,390 shares during the period. iA Global Asset Management Inc.’s holdings in Chubb were worth $2,538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Boston Financial Mangement LLC grew its position in Chubb by 2.6% during the second quarter. Boston Financial Mangement LLC now owns 2,001 shares of the financial services provider’s stock valued at $510,000 after acquiring an additional 50 shares during the period. Signaturefd LLC grew its position in Chubb by 3.1% during the second quarter. Signaturefd LLC now owns 5,755 shares of the financial services provider’s stock valued at $1,468,000 after acquiring an additional 171 shares during the period. Arjuna Capital grew its position in Chubb by 0.9% during the second quarter. Arjuna Capital now owns 5,776 shares of the financial services provider’s stock valued at $1,473,000 after acquiring an additional 52 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Chubb by 18.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 274,558 shares of the financial services provider’s stock valued at $70,034,000 after acquiring an additional 43,345 shares during the period. Finally, Modera Wealth Management LLC grew its position in Chubb by 7.2% during the second quarter. Modera Wealth Management LLC now owns 1,854 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.8 %

NYSE:CB opened at $284.18 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $266.31 and its two-hundred day moving average is $259.38. Chubb Limited has a 52 week low of $198.67 and a 52 week high of $284.49. The company has a market cap of $115.39 billion, a PE ratio of 12.61, a P/E/G ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter last year, the business posted $4.92 EPS. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CB. JPMorgan Chase & Co. boosted their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JMP Securities upped 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. Finally, Keefe, Bruyette & Woods upped their target price on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $270.79.

Insiders Place Their Bets

In other news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares in the company, valued at $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold a total of 14,521 shares of company stock valued at $3,878,712 in the last quarter. Insiders own 0.86% of the company’s stock.

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.