Chubb Limited (NYSE:CB) Shares Purchased by Herold Advisors Inc.

Herold Advisors Inc. raised its stake in Chubb Limited (NYSE:CBGet Rating) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,936 shares of the financial services provider’s stock after acquiring an additional 311 shares during the quarter. Herold Advisors Inc.’s holdings in Chubb were worth $1,953,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Howe & Rusling Inc. grew its stake in shares of Chubb by 207.0% in the first quarter. Howe & Rusling Inc. now owns 132 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 89 shares in the last quarter. Advanced Research Investment Solutions LLC acquired a new stake in Chubb during the 1st quarter worth $29,000. FinTrust Capital Advisors LLC purchased a new stake in Chubb in the first quarter valued at $33,000. Rosenberg Matthew Hamilton grew its holdings in shares of Chubb by 49.1% during the first quarter. Rosenberg Matthew Hamilton now owns 167 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 55 shares during the last quarter. Finally, Tcwp LLC acquired a new stake in shares of Chubb during the first quarter worth about $39,000. 87.97% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE CB traded down $1.20 during trading on Friday, reaching $180.29. The company had a trading volume of 1,880,026 shares, compared to its average volume of 1,814,803. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $75.30 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.16 and a beta of 0.67. Chubb Limited has a twelve month low of $171.96 and a twelve month high of $218.99. The stock has a 50-day moving average price of $190.67 and a two-hundred day moving average price of $200.28.

Chubb (NYSE:CBGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.61. The business had revenue of $10.51 billion during the quarter, compared to the consensus estimate of $10.52 billion. Chubb had a net margin of 17.36% and a return on equity of 10.97%. During the same period in the previous year, the firm posted $3.62 earnings per share. As a group, sell-side analysts predict that Chubb Limited will post 15.75 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, September 15th. Chubb’s dividend payout ratio (DPR) is 20.02%.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 25,792 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $193.86, for a total transaction of $5,000,037.12. Following the completion of the sale, the chief executive officer now directly owns 594,671 shares in the company, valued at $115,282,920.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group decreased their price objective on Chubb from $247.00 to $244.00 and set a “buy” rating for the company in a report on Tuesday, July 12th. Wells Fargo & Company upped their target price on shares of Chubb from $248.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Moderate Buy” and an average price target of $230.83.

Chubb Profile

(Get Rating)

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

Further Reading

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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