Stonebrook Private Inc. Has $4.12 Million Stake in Chubb Limited (NYSE:CB)

Stonebrook Private Inc. grew its stake in shares of Chubb Limited (NYSE:CB) by 10.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 16,136 shares of the financial services provider’s stock after buying an additional 1,505 shares during the quarter. Chubb accounts for approximately 1.2% of Stonebrook Private Inc.’s portfolio, making the stock its 26th biggest position. Stonebrook Private Inc.’s holdings in Chubb were worth $4,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CB. ING Groep NV increased its stake in Chubb by 175,378.1% during the 4th quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after purchasing an additional 112,242 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Chubb in the 2nd quarter worth about $963,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Chubb by 16.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock valued at $19,448,000 after acquiring an additional 10,745 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Chubb during the 1st quarter valued at about $984,000. Finally, Sierra Summit Advisors LLC bought a new stake in Chubb during the 4th quarter worth approximately $844,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Morgan Stanley dropped their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Bank of America upped their target price on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. JMP Securities raised their price target on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada upped their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $274.70.

Chubb Stock Performance

Chubb stock traded up $0.17 during midday trading on Friday, reaching $287.50. The stock had a trading volume of 1,722,890 shares, compared to its average volume of 1,613,882. The firm’s 50-day moving average price is $268.91 and its 200 day moving average price is $260.69. The firm has a market capitalization of $116.74 billion, a PE ratio of 12.76, a P/E/G ratio of 5.59 and a beta of 0.66. Chubb Limited has a 12 month low of $202.55 and a 12 month high of $293.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted 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 return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the prior year, the business posted $4.92 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts predict that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. Chubb’s payout ratio is currently 16.16%.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,981 shares of company stock worth $9,504,054. Corporate insiders own 0.86% of the company’s stock.

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.