Zurich Insurance Group Ltd FI lifted its holdings in shares of Chubb Ltd (NYSE:CB) by 2.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 106,787 shares of the financial services provider’s stock after acquiring an additional 2,934 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Chubb were worth $15,729,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Alpha Cubed Investments LLC grew its position in Chubb by 4.3% during the 2nd quarter. Alpha Cubed Investments LLC now owns 1,708 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 70 shares during the last quarter. Monetary Management Group Inc. grew its position in shares of Chubb by 3.4% in the 1st quarter. Monetary Management Group Inc. now owns 2,275 shares of the financial services provider’s stock valued at $319,000 after buying an additional 75 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Chubb by 2.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,721 shares of the financial services provider’s stock valued at $400,000 after buying an additional 75 shares during the last quarter. Torch Wealth Management LLC grew its position in shares of Chubb by 0.5% in the 2nd quarter. Torch Wealth Management LLC now owns 16,148 shares of the financial services provider’s stock valued at $2,378,000 after buying an additional 75 shares during the last quarter. Finally, BTR Capital Management Inc. grew its position in shares of Chubb by 5.0% in the 2nd quarter. BTR Capital Management Inc. now owns 1,656 shares of the financial services provider’s stock valued at $244,000 after buying an additional 79 shares during the last quarter. 89.51% of the stock is owned by institutional investors.
In related news, insider John J. Lupica sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $158.15, for a total transaction of $948,900.00. Following the transaction, the insider now directly owns 168,037 shares of the company’s stock, valued at approximately $26,575,051.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul J. Krump sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $155.00, for a total value of $775,000.00. Following the transaction, the insider now directly owns 118,865 shares in the company, valued at $18,424,075. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,125 shares of company stock worth $3,010,555. 0.47% of the stock is owned by company insiders.
Shares of Chubb stock traded down $0.10 on Friday, hitting $158.40. 61,254 shares of the company’s stock traded hands, compared to its average volume of 1,338,512. Chubb Ltd has a one year low of $119.54 and a one year high of $162.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.32 and a quick ratio of 0.32. The company has a fifty day moving average of $156.45 and a two-hundred day moving average of $146.98. The company has a market capitalization of $72.24 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.54 and a beta of 0.70.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, beating the consensus estimate of $2.58 by $0.02. Chubb had a return on equity of 8.53% and a net margin of 11.00%. The company had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the prior year, the company earned $2.68 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Chubb Ltd will post 10.4 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, September 19th. Chubb’s dividend payout ratio (DPR) is currently 31.78%.
A number of equities research analysts have commented on the company. Barclays set a $185.00 price target on Chubb and gave the company a “buy” rating in a research report on Monday, August 12th. JMP Securities restated an “outperform” rating on shares of Chubb in a research report on Thursday, July 25th. Raymond James restated a “strong-buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Chubb in a research report on Friday, July 5th. ValuEngine lowered Chubb from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, UBS Group upped their target price on Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Chubb currently has an average rating of “Hold” and an average target price of $153.00.
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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