Commonwealth Equity Services LLC Boosts Stock Position in Chubb Limited (NYSE:CB)

Commonwealth Equity Services LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,631 shares of the financial services provider’s stock after purchasing an additional 901 shares during the period. Commonwealth Equity Services LLC’s holdings in Chubb were worth $20,823,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CB. Van ECK Associates Corp boosted its holdings in shares of Chubb by 3.3% during the fourth quarter. Van ECK Associates Corp now owns 13,028 shares of the financial services provider’s stock worth $2,944,000 after purchasing an additional 417 shares during the period. Fisher Asset Management LLC raised its stake in Chubb by 7.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,123 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 369 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Chubb by 66.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,298 shares of the financial services provider’s stock worth $745,000 after buying an additional 1,319 shares in the last quarter. Sapient Capital LLC bought a new position in Chubb in the fourth quarter worth about $301,000. Finally, Vestmark Advisory Solutions Inc. bought a new position in Chubb in the fourth quarter worth about $362,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Roth Mkm raised their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, JMP Securities raised their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus price target of $270.79.

Insider Buying and Selling

In other news, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,521 shares of company stock worth $3,878,712. 0.86% of the stock is owned by insiders.

Chubb Trading Up 0.8 %

Shares of CB stock opened at $284.18 on Tuesday. Chubb Limited has a 12-month low of $198.67 and a 12-month high of $284.49. 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 firm’s 50 day moving average is $266.67 and its 200 day moving average is $259.78. The stock has a market capitalization of $115.39 billion, a P/E ratio of 12.61, a P/E/G ratio of 5.59 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 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $4.92 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts expect that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is currently 16.16%.

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.