State of Wyoming Takes Position in Chubb Limited $CB

State of Wyoming acquired a new position in Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,613 shares of the financial services provider’s stock, valued at approximately $550,000.

Several other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in shares of Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after purchasing an additional 5,225 shares in the last quarter. waypoint wealth counsel lifted its position in shares of Chubb by 76.4% in the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 1,784 shares in the last quarter. National Pension Service lifted its position in shares of Chubb by 24.4% in the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock worth $358,462,000 after buying an additional 225,515 shares in the last quarter. Harbour Investments Inc. boosted its stake in Chubb by 884.1% during the fourth quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock valued at $3,108,000 after buying an additional 8,947 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Chubb by 16.8% during the first quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider’s stock valued at $5,424,000 after buying an additional 2,389 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $343.80 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $132.64 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91. The company’s 50-day moving average is $344.31 and its 200 day moving average is $332.19.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the previous year, the business earned $6.14 EPS. Chubb’s revenue was up 3.6% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 27.45 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research reports. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. UBS Group raised their target price on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Morgan Stanley boosted their price target on shares of Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. BMO Capital Markets upped their price target on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $360.09.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.