Worth Financial Advisory Group LLC Acquires Shares of 2,436 Chubb Limited (NYSE:CB)

Worth Financial Advisory Group LLC bought a new stake in Chubb Limited (NYSE:CB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,436 shares of the financial services provider’s stock, valued at approximately $621,000.

A number of other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in shares of Chubb during the first quarter worth approximately $25,000. Beacon Capital Management LLC boosted its stake in Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new position in Chubb during the 4th quarter worth approximately $29,000. Wellington Shields Capital Management LLC acquired a new position in Chubb during the first quarter valued at approximately $29,000. Finally, Northwest Financial Advisors bought a new stake in Chubb in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CB. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. JPMorgan Chase & Co. boosted their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada lifted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Bank of America boosted 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $270.79.

Insider Activity at Chubb

In other news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the transaction, the executive vice president now owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,521 shares of company stock worth $3,878,712. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

NYSE:CB traded up $1.62 on Tuesday, hitting $277.25. The company’s stock had a trading volume of 795,960 shares, compared to its average volume of 1,607,597. Chubb Limited has a one year low of $198.67 and a one year high of $279.24. The firm has a market capitalization of $112.58 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66. The stock has a fifty day moving average of $265.01 and a two-hundred day moving average of $258.62. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

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, beating analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the prior year, the business earned $4.92 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Research analysts predict that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, September 13th. Chubb’s payout ratio is 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.