First Foundation Advisors Has $127,000 Position in Chubb Limited (NYSE:CB)

First Foundation Advisors lowered its stake in Chubb Limited (NYSE:CB) by 10.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 497 shares of the financial services provider’s stock after selling 55 shares during the period. First Foundation Advisors’ holdings in Chubb were worth $127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Capital World Investors grew its holdings in Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after acquiring an additional 685,677 shares during the period. Capital Research Global Investors grew its holdings in Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after acquiring an additional 2,064,730 shares during the period. Norges Bank bought a new position in shares of Chubb during the fourth quarter worth $957,756,000. Lazard Asset Management LLC boosted its position in shares of Chubb by 14.8% during the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock worth $918,294,000 after purchasing an additional 457,881 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Chubb by 2.9% during the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after purchasing an additional 87,059 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now owns 103,950 shares in the company, valued at approximately $29,676,685.50. The disclosure for this sale can be found here. Insiders have sold 94,836 shares of company stock worth $27,055,900 in the last ninety days. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CB shares. Roth Mkm lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JMP Securities lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of 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, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $274.70.

Chubb Trading Down 0.4 %

Shares of NYSE:CB opened at $291.03 on Wednesday. The company’s 50-day moving average price is $270.37 and its two-hundred day moving average price is $261.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a one year low of $204.15 and a one year high of $294.18. The stock has a market capitalization of $117.56 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 5.65 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.92 EPS. On average, equities analysts forecast that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Dividend Announcement

The company 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 is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. Chubb’s dividend payout ratio is presently 16.16%.

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.