MGO One Seven LLC Acquires 809 Shares of Chubb Limited (NYSE:CB)

MGO One Seven LLC boosted its holdings in Chubb Limited (NYSE:CB) by 10.8% in the second quarter, HoldingsChannel reports. The firm owned 8,277 shares of the financial services provider’s stock after purchasing an additional 809 shares during the period. MGO One Seven LLC’s holdings in Chubb were worth $2,111,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after acquiring an additional 685,677 shares in the last quarter. Capital Research Global Investors grew its holdings in Chubb by 44.4% in the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after purchasing an additional 2,064,730 shares during the period. Norges Bank acquired a new stake in Chubb in the fourth quarter worth $957,756,000. Lazard Asset Management LLC increased its stake in Chubb by 14.8% in the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after purchasing an additional 457,881 shares in the last quarter. Finally, Raymond James & Associates raised its holdings 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 valued at $778,270,000 after purchasing an additional 87,059 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JMP Securities boosted their target price on Chubb from $280.00 to $300.00 and gave the company a “market outperform” 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 company a “neutral” rating in a report on Thursday, July 11th. Barclays started coverage on Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. Morgan Stanley reduced their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Bank of America upped 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $274.70.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Peter C. Enns sold 8,200 shares of the firm’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 value of $2,181,692.00. Following the completion of the transaction, the executive vice president now directly owns 45,853 shares of the company’s stock, 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. Also, insider John J. Lupica sold 15,000 shares of Chubb stock in a transaction that occurred on 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 of the company’s stock, valued at $29,676,685.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,836 shares of company stock worth $27,055,900. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $284.37 on Thursday. The business’s fifty day simple moving average is $270.98 and its 200 day simple moving average is $261.49. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $204.15 and a 12 month high of $294.18. The firm has a market capitalization of $115.47 billion, a P/E ratio of 12.62, 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 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the previous year, the firm earned $4.92 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, analysts anticipate that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

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 $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s dividend payout ratio (DPR) is presently 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.