Jackson Creek Investment Advisors LLC Sells 83 Shares of Chubb Limited (NYSE:CB)

Jackson Creek Investment Advisors LLC lowered its stake in Chubb Limited (NYSE:CB) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,692 shares of the financial services provider’s stock after selling 83 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Chubb were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CB. ING Groep NV boosted its holdings in Chubb by 175,378.1% in 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 in the last quarter. Van Leeuwen & Company LLC grew its position in Chubb by 602.7% in the 4th 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. ORG Partners LLC acquired a new stake in Chubb in the 2nd quarter valued at $963,000. Mirae Asset Global Investments Co. Ltd. increased its stake 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. Finally, Edgestream Partners L.P. acquired a new position in Chubb during the first quarter worth $984,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale 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 dated 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 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. Company insiders own 0.86% of the company’s stock.

Chubb Stock Up 1.4 %

Chubb stock opened at $290.83 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $118.09 billion, a P/E ratio of 12.91, a P/E/G ratio of 5.59 and a beta of 0.66. The firm has a 50 day moving average price of $267.76 and a 200-day moving average price of $260.25. Chubb Limited has a twelve month low of $198.67 and a twelve month high of $291.64.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same period in the prior year, the company earned $4.92 earnings per share. Chubb’s revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts predict that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CB. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JPMorgan Chase & Co. lifted their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. JMP Securities increased their price objective on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada upped their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $270.79.

About Chubb

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.