Foster & Motley Inc. Has $1.25 Million Stake in Chubb Limited $CB

Foster & Motley Inc. decreased its position in shares of Chubb Limited (NYSE:CB) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,316 shares of the financial services provider’s stock after selling 144 shares during the period. Foster & Motley Inc.’s holdings in Chubb were worth $1,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. North Capital Inc. acquired a new position in Chubb during the 1st quarter worth $26,000. IMA Advisory Services Inc. acquired a new position in Chubb during the 1st quarter worth $31,000. 1248 Management LLC acquired a new position in Chubb during the 1st quarter worth $31,000. WPG Advisers LLC acquired a new position in Chubb during the 1st quarter worth $33,000. Finally, Maseco LLP acquired a new position in Chubb during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $268.15 on Friday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $106.91 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The firm has a 50-day moving average price of $277.40 and a 200 day moving average price of $281.09.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is 17.12%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CB shares. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. The Goldman Sachs Group upped their price objective on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company upped their price objective on shares of Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Citigroup assumed coverage on shares of Chubb in a research report on Wednesday, August 13th. They set a “buy” rating and a $326.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and an average price target of $305.28.

Insider Transactions at Chubb

In other Chubb news, Director Michael Corbat purchased 425 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price 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. This trade represents a 20.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by company insiders.

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.