Transamerica Financial Advisors LLC Makes New Investment in Chubb Limited $CB

Transamerica Financial Advisors LLC bought a new stake in Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,687 shares of the financial services provider’s stock, valued at approximately $917,000.

A number of other institutional investors have also modified their holdings of the stock. IMG Wealth Management Inc. acquired a new stake in shares of Chubb during the second quarter worth $25,000. Dunhill Financial LLC acquired a new position in Chubb in the 2nd quarter valued at $25,000. CBIZ Investment Advisory Services LLC increased its stake in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the period. Frazier Financial Advisors LLC raised its position in Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Chubb during the 1st quarter worth $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Chubb from $340.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Citigroup reissued a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. UBS Group lifted their price objective on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Cantor Fitzgerald boosted their target price on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, HSBC downgraded Chubb from a “buy” rating to a “hold” rating and increased their target price for the stock from $370.00 to $373.00 in a research note on Monday, July 6th. 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 issued 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.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $344.08 on Thursday. The firm has a market capitalization of $132.75 billion, a PE ratio of 12.17, a P/E/G ratio of 1.66 and a beta of 0.39. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91. The firm’s 50-day simple moving average is $346.84 and its 200 day simple moving average is $333.88. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $6.14 EPS. On average, equities research analysts predict that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. 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.