Fairtree Asset Management Pty Ltd Takes $1.32 Million Position in Chubb Limited $CB

Fairtree Asset Management Pty Ltd acquired a new stake in Chubb Limited (NYSE:CB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,880 shares of the financial services provider’s stock, valued at approximately $1,322,000.

A number of other large investors have also added to or reduced their stakes in the business. IMG Wealth Management Inc. acquired a new stake in Chubb during the 2nd quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in shares of Chubb during the second quarter valued at $25,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. Frazier Financial Advisors LLC lifted its holdings in shares of Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the period. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb during the first quarter worth $29,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Evercore restated an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a report on Friday, July 10th. Citizens Jmp reissued a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. UBS Group boosted their price target on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $361.00.

Chubb Stock Up 0.6%

Shares of Chubb stock opened at $342.98 on Friday. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s 50-day moving average is $345.61 and its 200 day moving average is $333.25. The firm has a market cap of $132.32 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.68 and a beta of 0.39.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $6.14 earnings per share. Equities research analysts anticipate that Chubb Limited will post 27.45 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 14.43%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.