Chubb Limited (NYSE:CB) Shares Acquired by LGT Group Foundation

LGT Group Foundation lifted its holdings in shares of Chubb Limited (NYSE:CB) by 6.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 198,850 shares of the financial services provider’s stock after acquiring an additional 11,542 shares during the period. LGT Group Foundation’s holdings in Chubb were worth $50,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pathway Financial Advisers LLC acquired a new stake in Chubb in the first quarter worth approximately $25,000. Beacon Capital Management LLC lifted its position in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC acquired a new stake in Chubb in the second quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the second quarter worth approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb in the fourth quarter worth approximately $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CB. Barclays began coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. JPMorgan Chase & Co. increased their price objective on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Bank of America increased their price objective on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Finally, Royal Bank of Canada increased their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $274.70.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 6,599 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $287.06, for a total value of $1,894,308.94. Following the transaction, the executive vice president now directly owns 84,101 shares of the company’s stock, valued at $24,142,033.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 6,599 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the completion of the sale, the executive vice president now owns 84,101 shares of the company’s stock, valued at $24,142,033.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,981 shares of company stock valued at $9,504,054. 0.86% of the stock is owned by insiders.

Chubb Stock Down 0.1 %

NYSE:CB traded down $0.18 during trading hours on Monday, hitting $287.32. 101,674 shares of the stock traded hands, compared to its average volume of 1,605,142. Chubb Limited has a fifty-two week low of $204.15 and a fifty-two week high of $293.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm has a market cap of $116.06 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 5.65 and a beta of 0.66. The firm has a 50 day moving average price of $268.91 and a 200 day moving average price of $260.83.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the prior year, the business posted $4.92 earnings per share. Chubb’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

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

Chubb Company 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.