Chubb Limited (NYSE:CB) Shares Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,497 shares of the financial services provider’s stock after purchasing an additional 164 shares during the period. Resonant Capital Advisors LLC’s holdings in Chubb were worth $383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. Beacon Capital Management LLC grew 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 worth $25,000 after purchasing an additional 42 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Chubb during the first quarter valued at $25,000. Wellington Shields Capital Management LLC acquired a new position in Chubb during the first quarter valued at $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Chubb in the 4th quarter worth about $29,000. Finally, Eagle Bay Advisors LLC boosted its position in Chubb by 82.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 133 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JPMorgan Chase & Co. upped 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. 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. Keefe, Bruyette & Woods upped their target price on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Morgan Stanley cut their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $270.79.

Insider Buying and Selling

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

Chubb Stock Up 0.8 %

Chubb stock opened at $284.18 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a fifty-two week low of $198.67 and a fifty-two week high of $284.49. The firm has a fifty day moving average price of $266.67 and a two-hundred day moving average price of $259.78. The firm has a market cap of $115.39 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.92 EPS. As a group, analysts forecast that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. 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.