Hantz Financial Services Inc. Makes New $76,000 Investment in Chubb Limited (NYSE:CB)

Hantz Financial Services Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 299 shares of the financial services provider’s stock, valued at approximately $76,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ING Groep NV grew its holdings in Chubb by 175,378.1% during the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after acquiring an additional 112,242 shares during the period. Van Leeuwen & Company LLC grew its stake in shares of Chubb by 602.7% in the 4th quarter. Van Leeuwen & Company LLC now owns 7,941 shares of the financial services provider’s stock worth $1,795,000 after purchasing an additional 6,811 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Chubb in the 2nd quarter worth approximately $963,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Chubb by 16.7% during the first 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 during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Chubb during the first quarter worth approximately $984,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of several research reports. Roth Mkm upped their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Morgan Stanley reduced their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Bank of America increased 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. JPMorgan Chase & Co. boosted their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $270.79.

Insider Transactions at Chubb

In related news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $11,648,059.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Juan Luis Ortega sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the company’s 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 directly owns 45,853 shares of the company’s stock, valued at approximately $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 worth $3,878,712 in the last 90 days. 0.86% of the stock is owned by insiders.

Chubb Trading Up 0.8 %

NYSE CB opened at $284.18 on Tuesday. The company has a market capitalization of $115.39 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 5.59 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 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’s fifty day simple moving average is $266.67 and its 200-day simple moving average is $259.78.

Chubb (NYSE:CB) last posted its quarterly earnings results 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 company had revenue of $13.36 billion during the quarter, compared to the consensus estimate 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 period last year, the business earned $4.92 EPS. As a group, sell-side analysts anticipate that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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