Alaethes Wealth LLC Increases Stake in Chubb Limited (NYSE:CB)

Alaethes Wealth LLC raised its holdings in Chubb Limited (NYSE:CB) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,886 shares of the financial services provider’s stock after buying an additional 178 shares during the period. Alaethes Wealth LLC’s holdings in Chubb were worth $2,019,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CB. Ensign Peak Advisors Inc grew its stake in Chubb by 10.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 585,692 shares of the financial services provider’s stock worth $149,398,000 after purchasing an additional 53,766 shares in the last quarter. Nkcfo LLC acquired a new position in shares of Chubb during the second quarter worth about $2,462,000. Transatlantique Private Wealth LLC increased its stake in shares of Chubb by 0.9% during the second quarter. Transatlantique Private Wealth LLC now owns 6,112 shares of the financial services provider’s stock worth $1,555,000 after buying an additional 53 shares during the period. Pacer Advisors Inc. increased its stake in shares of Chubb by 2.0% during the second quarter. Pacer Advisors Inc. now owns 38,052 shares of the financial services provider’s stock worth $9,706,000 after buying an additional 760 shares during the period. Finally, Ranch Capital Advisors Inc. raised its holdings in Chubb by 15.7% in the second quarter. Ranch Capital Advisors Inc. now owns 2,311 shares of the financial services provider’s stock valued at $591,000 after acquiring an additional 313 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.0 %

Shares of CB stock opened at $290.71 on Friday. The company has a market capitalization of $118.05 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. 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 business’s 50 day moving average is $275.87 and its two-hundred day moving average is $263.26. Chubb Limited has a twelve month low of $204.15 and a twelve month high of $294.18.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $13.04 billion. During the same period in the previous year, the company posted $4.92 EPS. Chubb’s revenue was up 11.8% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is 16.16%.

Analyst Upgrades and Downgrades

Several research firms have commented on CB. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JMP Securities boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Morgan Stanley cut their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods upped their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada raised their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $274.70.

Insider Activity

In related news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 in the last three months. 0.86% of the stock is currently owned by company insiders.

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.