Williams Financial LLC Takes Position in Chubb Limited (NYSE:CB)

Williams Financial LLC bought a new stake in shares of Chubb Limited (NYSE:CB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,209 shares of the financial services provider’s stock, valued at approximately $301,000.

A number of other large investors have also recently made changes to their positions in the stock. Pathway Financial Advisers LLC purchased a new stake in Chubb in the first quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new position in Chubb in the fourth quarter worth about $29,000. Wellington Shields Capital Management LLC bought a new position in Chubb in the first quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new position in Chubb in the fourth quarter worth about $32,000. Finally, Northwest Financial Advisors bought a new position in Chubb in the fourth quarter worth about $33,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Chubb stock traded up $0.77 during mid-day trading on Friday, hitting $273.41. The company had a trading volume of 1,077,087 shares, compared to its average volume of 1,639,168. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12-month low of $198.10 and a 12-month high of $277.91. The company’s fifty day moving average is $263.72 and its 200-day moving average is $257.48. The company has a market capitalization of $111.02 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping 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 analyst estimates of $13.04 billion. During the same quarter in the prior year, the firm posted $4.92 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. Chubb’s dividend payout ratio (DPR) is 16.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CB shares. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Roth Mkm boosted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Finally, StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. One 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $270.79.

Insider Activity

In other news, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Chubb Company 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.