Brooks Moore & Associates Inc. Invests $2.74 Million in Chubb Limited $CB

Brooks Moore & Associates Inc. acquired a new stake in Chubb Limited (NYSE:CB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,030 shares of the financial services provider’s stock, valued at approximately $2,736,000. Chubb comprises approximately 1.2% of Brooks Moore & Associates Inc.’s investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in shares of Chubb by 1.7% in 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 acquiring an additional 5,225 shares during the last quarter. National Pension Service raised its holdings in Chubb by 24.4% during the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock worth $358,462,000 after acquiring an additional 225,515 shares in the last quarter. Harbour Investments Inc. boosted its position 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 purchasing an additional 8,947 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in Chubb during the second quarter valued at approximately $11,670,067,000. Finally, Bessemer Group Inc. grew its stake in Chubb by 16.8% in the first quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider’s stock valued at $5,424,000 after purchasing an additional 2,389 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CB shares. Atlantic Securities set a $301.00 price objective on Chubb in a research note on Wednesday, July 15th. Wells Fargo & Company decreased their target price on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. UBS Group boosted their target price on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Barclays set a $387.00 price target on shares of Chubb in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $361.00.

Chubb Price Performance

NYSE:CB opened at $338.19 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $347.13 and its two-hundred day moving average price is $333.92. The firm has a market capitalization of $130.47 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.67 and a beta of 0.39. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $15.07 billion. During the same period in the previous year, the company posted $6.14 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts anticipate that Chubb Limited will post 27.49 earnings per share for the current year.

Chubb Announces Dividend

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

Chubb Company 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.