Stanley Laman Group Ltd. Has $358,000 Stock Holdings in Chubb Limited $CB

Stanley Laman Group Ltd. lifted its holdings in shares of Chubb Limited (NYSE:CB) by 14.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,237 shares of the financial services provider’s stock after purchasing an additional 159 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Chubb were worth $358,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GQG Partners LLC increased its holdings in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares during the last quarter. Nuveen LLC acquired a new position in Chubb during the first quarter valued at approximately $562,221,000. Ameriprise Financial Inc. grew its holdings in Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the last quarter. Cohen Investment Advisors LLC raised its position in shares of Chubb by 2,408.4% in the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock valued at $88,456,000 after purchasing an additional 281,234 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Chubb by 79.0% in the first quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after buying an additional 278,697 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 cost of $269.80 per share, with a total value of $114,665.00. Following the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available through this link. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Wells Fargo & Company lifted their price objective on Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Barclays boosted their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Wolfe Research raised Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $305.28.

Chubb Stock Down 0.0%

NYSE CB opened at $268.15 on Friday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average is $277.40 and its two-hundred day moving average is $281.09. The company has a market capitalization of $106.91 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.02 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings data 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 return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period in the prior year, the company posted $5.38 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

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.