Rehmann Capital Advisory Group Sells 679 Shares of Chubb Limited $CB

Rehmann Capital Advisory Group trimmed its position in Chubb Limited (NYSE:CB) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,212 shares of the financial services provider’s stock after selling 679 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Chubb were worth $931,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Parcion Private Wealth LLC increased its stake in Chubb by 30.3% in the second quarter. Parcion Private Wealth LLC now owns 907 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 211 shares during the last quarter. TFB Advisors LLC bought a new position in Chubb in the second quarter valued at approximately $264,000. Exencial Wealth Advisors LLC increased its stake in Chubb by 5.6% in the second quarter. Exencial Wealth Advisors LLC now owns 9,825 shares of the financial services provider’s stock valued at $2,846,000 after acquiring an additional 521 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Chubb by 60.6% during the second quarter. Brookstone Capital Management now owns 2,160 shares of the financial services provider’s stock worth $626,000 after buying an additional 815 shares during the last quarter. Finally, Jacobsen Capital Management grew its stake in shares of Chubb by 5.3% during the second quarter. Jacobsen Capital Management now owns 773 shares of the financial services provider’s stock worth $224,000 after buying an additional 39 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael Corbat purchased 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 purchase, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.77% of the company’s stock.

Chubb Price Performance

CB stock opened at $276.47 on Thursday. The firm has a market cap of $110.23 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.03 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company’s fifty day simple moving average is $277.36 and its 200 day simple moving average is $280.74.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The business had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 13.23%. Chubb’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.72 earnings per share. On average, analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid 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 payout ratio is 17.12%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CB. Bank of America boosted their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Evercore ISI lifted their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Finally, HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and cut their price target for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $305.28.

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.