Naples Global Advisors LLC grew its holdings in Chubb Ltd (NYSE:CB) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,392 shares of the financial services provider’s stock after buying an additional 115 shares during the period. Naples Global Advisors LLC’s holdings in Chubb were worth $895,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Buckley Wealth Management LLC grew its position in Chubb by 1.8% during the first quarter. Buckley Wealth Management LLC now owns 4,068 shares of the financial services provider’s stock worth $570,000 after buying an additional 73 shares during the period. Bollard Group LLC grew its position in Chubb by 6.2% during the fourth quarter. Bollard Group LLC now owns 1,290 shares of the financial services provider’s stock worth $167,000 after buying an additional 75 shares during the period. Selway Asset Management grew its position in Chubb by 0.4% during the first quarter. Selway Asset Management now owns 18,635 shares of the financial services provider’s stock worth $2,610,000 after buying an additional 75 shares during the period. Meristem Family Wealth LLC grew its position in Chubb by 2.9% during the third quarter. Meristem Family Wealth LLC now owns 2,766 shares of the financial services provider’s stock worth $370,000 after buying an additional 79 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Chubb by 2.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,188 shares of the financial services provider’s stock worth $412,000 after buying an additional 79 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.
In other Chubb news, insider John J. Lupica sold 17,879 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the completion of the transaction, the insider now directly owns 192,265 shares of the company’s stock, valued at approximately $25,946,161.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul J. Krump sold 3,450 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.00, for a total transaction of $500,250.00. Following the transaction, the insider now directly owns 139,160 shares of the company’s stock, valued at $20,178,200. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,329 shares of company stock valued at $3,196,761. Company insiders own 0.47% of the company’s stock.
Shares of CB stock traded up $1.81 during mid-day trading on Wednesday, reaching $148.02. The company’s stock had a trading volume of 1,118,109 shares, compared to its average volume of 1,497,508. Chubb Ltd has a 12-month low of $119.54 and a 12-month high of $148.39. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a market cap of $66.39 billion, a PE ratio of 15.68, a P/E/G ratio of 1.38 and a beta of 0.82.
Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.05. The business had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same quarter last year, the firm posted $2.34 EPS. Equities research analysts expect that Chubb Ltd will post 10.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 21st will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.03%. This is a positive change from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, June 20th. Chubb’s dividend payout ratio (DPR) is presently 30.93%.
CB has been the topic of several recent analyst reports. Wells Fargo & Co restated a “buy” rating and set a $157.00 target price on shares of Chubb in a research report on Tuesday, April 30th. Credit Suisse Group lowered shares of Chubb from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $141.00 to $131.00 in a research report on Wednesday, February 27th. Morgan Stanley lowered shares of Chubb from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 17th. Raymond James decreased their target price on shares of Chubb from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 11th. Finally, Sandler O’Neill lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Chubb has a consensus rating of “Hold” and an average target price of $150.67.
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Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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