Evergreen Capital Management LLC Purchases 236 Shares of Chubb Limited (NYSE:CB)

Evergreen Capital Management LLC grew its position in Chubb Limited (NYSE:CB) by 0.8% in the second quarter, HoldingsChannel.com reports. The fund owned 29,398 shares of the financial services provider’s stock after buying an additional 236 shares during the quarter. Evergreen Capital Management LLC’s holdings in Chubb were worth $7,525,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC increased its holdings in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the first quarter valued at approximately $25,000. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter valued at approximately $26,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Chubb in the first quarter valued at approximately $29,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.0 %

CB opened at $290.66 on Monday. The stock has a market capitalization of $118.03 billion, a P/E ratio of 12.90, a P/E/G ratio of 5.59 and a beta of 0.66. Chubb Limited has a 12 month low of $204.15 and a 12 month high of $294.18. The firm’s fifty day simple moving average is $275.87 and its 200 day simple moving average is $263.45. 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 (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 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 business 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 firm posted $4.92 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts anticipate that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Ratings Changes

A number of analysts recently weighed in on CB shares. Roth Mkm raised their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Barclays began coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price for the company. JMP Securities lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Finally, William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $274.70.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders have 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 corporate 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.