Klingenstein Fields & Co. LLC increased its holdings in Chubb Ltd (NYSE:CB) by 13.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 92,592 shares of the financial services provider’s stock after buying an additional 10,942 shares during the period. Klingenstein Fields & Co. LLC’s holdings in Chubb were worth $12,970,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Claybrook Capital LLC bought a new stake in Chubb in the 4th quarter valued at about $25,000. Sageworth Trust Co bought a new stake in Chubb in the 1st quarter valued at about $29,000. Gradient Investments LLC lifted its position in Chubb by 260.0% in the 4th quarter. Gradient Investments LLC now owns 216 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 156 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its position in Chubb by 114.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 117 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new stake in Chubb in the 4th quarter valued at about $29,000. 88.96% of the stock is owned by institutional investors and hedge funds.
Shares of CB stock traded up $1.81 during midday trading on Wednesday, reaching $148.02. 1,118,109 shares of the company were exchanged, 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 market capitalization of $66.39 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23.
Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.05. Chubb had a net margin of 11.55% and a return on equity of 8.76%. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the firm earned $2.34 EPS. On average, equities research analysts predict that Chubb Ltd will post 10.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.03%. This is an increase from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, June 20th. Chubb’s payout ratio is 30.93%.
In related news, Director Michael G. Atieh sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $141.87, for a total value of $283,740.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul J. Krump sold 3,450 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 139,160 shares in the company, valued at $20,178,200. The disclosure for this sale can be found here. Insiders sold a total of 23,329 shares of company stock worth $3,196,761 over the last quarter. Insiders own 0.47% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays lifted their price objective on shares of Chubb from $160.00 to $167.00 and gave the company an “overweight” rating in a research report on Wednesday. Sandler O’Neill downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Raymond James cut their price objective 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, Morgan Stanley downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, April 17th. Two investment 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’s stock. The company presently has an average rating of “Hold” and a consensus 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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