Chubb Limited $CB Shares Purchased by Signaturefd LLC

Signaturefd LLC lifted its position in Chubb Limited (NYSE:CB) by 11.5% during the second quarter, HoldingsChannel.com reports. The fund owned 6,798 shares of the financial services provider’s stock after acquiring an additional 699 shares during the period. Signaturefd LLC’s holdings in Chubb were worth $1,969,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in Chubb during the first quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the first quarter valued at $25,000. North Capital Inc. acquired a new stake in shares of Chubb during the first quarter worth $26,000. IMA Advisory Services Inc. acquired a new position in shares of Chubb in the 1st quarter valued at $31,000. Finally, 1248 Management LLC acquired a new position in Chubb during the first quarter valued at approximately $31,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays lowered Chubb from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Wells Fargo & Company lowered their target price on Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Morgan Stanley lowered their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. UBS Group lowered their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $303.06.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares of the company’s stock, valued at $26,447,670.80. This represents a 5.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.77% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $280.77 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $273.84 and a 200-day moving average of $282.59. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The stock has a market capitalization of $111.94 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 3.17 and a beta of 0.56.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same period in the previous year, the company posted $5.38 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb’s payout ratio is 17.12%.

Chubb 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.