Ascent Group LLC Has $1.77 Million Position in Chubb Limited (NYSE:CB)

Ascent Group LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,946 shares of the financial services provider’s stock after acquiring an additional 764 shares during the period. Ascent Group LLC’s holdings in Chubb were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Pathway Financial Advisers LLC bought a new position in shares of Chubb in the first quarter worth about $25,000. Beacon Capital Management LLC lifted its stake in Chubb by 76.4% in the 2nd 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 during the last quarter. Chilton Capital Management LLC acquired a new stake in Chubb in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the second quarter worth $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.1 %

Shares of NYSE CB opened at $289.57 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm has a market cap of $117.58 billion, a PE ratio of 12.85, a P/E/G ratio of 5.74 and a beta of 0.66. The company’s fifty day simple moving average is $278.57 and its 200 day simple moving average is $264.72. Chubb Limited has a 12-month low of $204.15 and a 12-month high of $294.18.

Chubb (NYSE:CB) last issued its earnings results 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 return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the business posted $4.92 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Announces Dividend

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 issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s dividend payout ratio is 16.16%.

Insider Transactions at Chubb

In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on 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 owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of Chubb 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 completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the sale, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 over the last ninety days. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CB. Roth Mkm upped their target price on 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 target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Morgan Stanley decreased 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. Barclays started coverage on shares of Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $274.70.

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.