Eagle Ridge Investment Management boosted its position in shares of Chubb Limited (NYSE:CB – Free Report) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,828 shares of the financial services provider’s stock after purchasing an additional 797 shares during the quarter. Chubb comprises about 2.3% of Eagle Ridge Investment Management’s portfolio, making the stock its 16th biggest position. Eagle Ridge Investment Management’s holdings in Chubb were worth $25,905,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC bought a new position in shares of Chubb during the first quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its position in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Chilton Capital Management LLC purchased a new position in shares of Chubb in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb in the 2nd quarter worth $28,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in shares of Chubb during the 1st quarter worth $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now owns 39,172 shares in the company, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last three months. 0.86% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on CB
Chubb Stock Down 0.4 %
CB stock opened at $293.95 on Friday. The company has a market capitalization of $119.36 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 5.87 and a beta of 0.66. Chubb Limited has a 12 month low of $207.46 and a 12 month high of $302.05. The firm’s fifty day simple moving average is $286.43 and its 200-day simple moving average is $268.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.
Chubb (NYSE:CB – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $4.92 EPS. As a group, equities research analysts forecast that Chubb Limited will post 21.32 earnings per share for the current year.
Chubb Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is 16.16%.
About Chubb
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.
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