Eagle Ridge Investment Management Purchases 797 Shares of Chubb Limited (NYSE:CB)

Eagle Ridge Investment Management boosted its position in shares of Chubb Limited (NYSE:CB) 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

CB has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Roth Mkm raised their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $290.00 to $291.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $282.37.

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) 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.