First City Capital Management Inc. Decreases Stock Holdings in Chubb Limited (NYSE:CB)

First City Capital Management Inc. lowered its position in shares of Chubb Limited (NYSE:CB) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,248 shares of the financial services provider’s stock after selling 70 shares during the period. First City Capital Management Inc.’s holdings in Chubb were worth $573,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Gabelli Funds LLC grew its stake in shares of Chubb by 9.9% in the second quarter. Gabelli Funds LLC now owns 10,005 shares of the financial services provider’s stock worth $2,552,000 after purchasing an additional 900 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Chubb by 11,560.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,081 shares of the financial services provider’s stock worth $1,041,000 after buying an additional 4,046 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Chubb by 1.0% in the 2nd quarter. ProShare Advisors LLC now owns 789,602 shares of the financial services provider’s stock worth $201,412,000 after buying an additional 7,440 shares during the last quarter. Alaethes Wealth LLC increased its stake in shares of Chubb by 2.3% during the second quarter. Alaethes Wealth LLC now owns 7,886 shares of the financial services provider’s stock valued at $2,019,000 after buying an additional 178 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Chubb by 10.1% during the second quarter. Ensign Peak Advisors Inc now owns 585,692 shares of the financial services provider’s stock valued at $149,398,000 after acquiring an additional 53,766 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on 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 sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.0 %

Chubb stock opened at $290.66 on Friday. The firm has a market cap of $118.03 billion, a price-to-earnings ratio of 12.90, a PEG 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. Chubb Limited has a 12 month low of $204.15 and a 12 month high of $294.18. The stock has a fifty day simple moving average of $275.87 and a two-hundred day simple moving average of $263.36.

Chubb (NYSE:CB) last issued its 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 business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.92 EPS. Equities analysts predict that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Dividend Announcement

The business 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 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective on the stock. Bank of America boosted their price target on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Roth Mkm raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, eleven have issued 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 currently has a consensus rating of “Hold” and an average price target of $274.70.

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.