Csenge Advisory Group Takes Position in Chubb Limited $CB

Csenge Advisory Group acquired a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,971 shares of the financial services provider’s stock, valued at approximately $1,012,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in Chubb in the second quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $25,000. CBIZ Investment Advisory Services LLC increased its stake in shares of 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 acquiring an additional 49 shares during the last quarter. Frazier Financial Advisors LLC increased its stake in shares of Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Chubb in the 1st quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $341.45 on Thursday. The firm has a market cap of $131.73 billion, a P/E ratio of 12.08, a PEG ratio of 1.71 and a beta of 0.39. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm’s 50 day moving average price is $345.32 and its two-hundred day moving average price is $333.02.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The company 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 was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.14 earnings per share. On average, analysts forecast that Chubb Limited will post 27.45 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a $1.02 dividend. 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 currently 14.43%.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research note on Wednesday, July 15th. Evercore reaffirmed an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research note on Friday, July 10th. Barclays set a $387.00 target price on shares of Chubb in a report on Tuesday, July 7th. Citigroup reissued a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Mizuho boosted their price target on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $361.00.

Chubb Profile

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.