Creative Planning Buys 11,891 Shares of Chubb Limited (NYSE:CB)

Creative Planning increased its stake in Chubb Limited (NYSE:CB) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,320 shares of the financial services provider’s stock after acquiring an additional 11,891 shares during the period. Creative Planning’s holdings in Chubb were worth $36,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Capital Management LLC raised its position in Chubb by 76.4% during 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. Pathway Financial Advisers LLC bought a new position in Chubb during the 1st quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new position in Chubb during the 2nd quarter valued at approximately $26,000. Wellington Shields Capital Management LLC bought a new position in Chubb during the 1st quarter valued at approximately $29,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. 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 ninety days. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JMP Securities upped their target price on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 24th. Bank of America upped their target price on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. 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. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $274.70.

Chubb Stock Performance

Shares of CB opened at $289.57 on Monday. The business’s fifty day simple moving average is $278.57 and its two-hundred day simple moving average is $264.72. 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 company has a market cap of $117.58 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 5.74 and a beta of 0.66.

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 business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the business posted $4.92 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Research analysts anticipate that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared 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 is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s payout ratio is 16.16%.

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.