Regentatlantic Capital LLC lifted its holdings in Chubb Ltd (NYSE:CB) by 4.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,257 shares of the financial services provider’s stock after buying an additional 915 shares during the period. Regentatlantic Capital LLC’s holdings in Chubb were worth $3,755,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC purchased a new position in shares of Chubb during the 3rd quarter worth about $26,000. JNBA Financial Advisors boosted its stake in shares of Chubb by 223.2% during the 2nd quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 125 shares during the period. Mcmillion Capital Management Inc. purchased a new position in shares of Chubb during the 2nd quarter worth about $27,000. Meridian Wealth Management LLC purchased a new position in shares of Chubb during the 2nd quarter worth about $28,000. Finally, Investors Research Corp boosted its stake in shares of Chubb by 249.1% during the 3rd quarter. Investors Research Corp now owns 199 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 89.51% of the company’s stock.
In other news, EVP Joseph F. Wayland sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $158.05, for a total value of $1,027,325.00. Following the completion of the sale, the executive vice president now owns 77,201 shares of the company’s stock, valued at approximately $12,201,618.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Bennett Medini sold 2,125 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $153.72, for a total transaction of $326,655.00. Following the completion of the sale, the insider now directly owns 89,534 shares of the company’s stock, valued at approximately $13,763,166.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,625 shares of company stock valued at $4,037,880. 0.47% of the stock is owned by corporate insiders.
A number of equities analysts recently commented on the stock. ValuEngine cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. UBS Group lifted their price target on shares of Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Barclays set a $185.00 price target on shares of Chubb and gave the stock a “buy” rating in a research note on Monday, August 12th. Raymond James lifted their price target on shares of Chubb from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Co lifted their price target on shares of Chubb from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $154.75.
Chubb stock traded up $1.43 during trading hours on Wednesday, hitting $149.93. The company had a trading volume of 62,112 shares, compared to its average volume of 1,462,050. The firm has a market cap of $69.87 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.47 and a beta of 0.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 0.32. Chubb Ltd has a 1 year low of $119.54 and a 1 year high of $162.44. The company has a 50-day moving average price of $157.93 and a two-hundred day moving average price of $150.46.
Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.02. The company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.68 EPS. As a group, equities research analysts anticipate that Chubb Ltd will post 10.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.00 annualized dividend and a yield of 2.00%. Chubb’s dividend payout ratio (DPR) is 31.78%.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional 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 in the United States, Canada, and Bermuda.
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