Troy Asset Management Ltd Purchases New Shares in Chubb Limited (NYSE:CB)

Troy Asset Management Ltd acquired a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 419,380 shares of the financial services provider’s stock, valued at approximately $106,975,000. Chubb accounts for 3.5% of Troy Asset Management Ltd’s portfolio, making the stock its 10th largest position. Troy Asset Management Ltd owned about 0.10% of Chubb at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new stake in shares of Chubb during the first quarter worth approximately $25,000. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Chubb in the second quarter worth about $28,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in Chubb during the 4th quarter valued at about $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of the company’s 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 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 SEC, which is available through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Chubb Trading Down 0.4 %

Shares of NYSE CB opened at $288.39 on Tuesday. 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 stock has a market capitalization of $117.10 billion, a PE ratio of 12.80, a PEG ratio of 5.74 and a beta of 0.66. Chubb Limited has a twelve month low of $204.15 and a twelve month high of $294.18. The stock has a fifty day simple moving average of $279.09 and a 200-day simple moving average of $264.94.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.92 EPS. On average, equities analysts forecast that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s payout ratio is currently 16.16%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Roth Mkm lifted their price objective on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada upped their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Bank of America upped their price objective on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned 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 a consensus price target 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.