Cetera Advisor Networks LLC grew its position in shares of Chubb Ltd (NYSE:CB) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,732 shares of the financial services provider’s stock after acquiring an additional 105 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Chubb were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cetera Advisors LLC boosted its stake in shares of Chubb by 18.0% during the first quarter. Cetera Advisors LLC now owns 2,682 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 409 shares during the period. Voit & Company LLC raised its holdings in shares of Chubb by 1.2% during the first quarter. Voit & Company LLC now owns 16,920 shares of the financial services provider’s stock valued at $2,370,000 after acquiring an additional 205 shares in the last quarter. Goelzer Investment Management Inc. bought a new position in shares of Chubb during the first quarter valued at approximately $1,094,000. Stokes Capital Advisors LLC raised its holdings in shares of Chubb by 8.6% during the first quarter. Stokes Capital Advisors LLC now owns 21,453 shares of the financial services provider’s stock valued at $3,005,000 after acquiring an additional 1,695 shares in the last quarter. Finally, Sand Hill Global Advisors LLC bought a new position in shares of Chubb during the first quarter valued at approximately $5,208,000. 89.04% of the stock is currently owned by hedge funds and other institutional investors.
CB has been the subject of a number of research reports. ValuEngine upgraded Chubb from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. Zacks Investment Research raised Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. UBS Group cut Chubb from a “buy” rating to a “neutral” rating and raised their target price for the stock from $146.00 to $154.00 in a research report on Thursday, May 23rd. Barclays raised their price objective on Chubb from $160.00 to $167.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Finally, Compass Point downgraded Chubb from a “buy” rating to a “neutral” rating and decreased their target price for the company from $165.00 to $156.00 in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Chubb has a consensus rating of “Hold” and a consensus target price of $150.10.
CB traded up $1.42 during trading hours on Friday, reaching $150.26. 1,161,200 shares of the company’s stock traded hands, compared to its average volume of 1,474,177. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.23. The stock has a market cap of $68.39 billion, a P/E ratio of 15.92, a PEG ratio of 1.41 and a beta of 0.76. Chubb Ltd has a 52-week low of $119.54 and a 52-week high of $150.53.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.05. Chubb had a return on equity of 8.76% and a net margin of 11.55%. The company had revenue of $8.01 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the prior year, the company posted $2.34 EPS. Equities analysts anticipate that Chubb Ltd will post 10.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, June 20th. This is an increase from Chubb’s previous quarterly dividend of $0.73. Chubb’s payout ratio is presently 30.93%.
In other news, insider Paul J. Krump sold 3,450 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $145.00, for a total value of $500,250.00. Following the sale, the insider now owns 139,160 shares in the company, valued at $20,178,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul J. Krump sold 4,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $150.00, for a total value of $600,000.00. Following the completion of the sale, the insider now owns 123,865 shares in the company, valued at approximately $18,579,750. The disclosure for this sale can be found here. Insiders sold 126,498 shares of company stock worth $18,684,573 in the last 90 days. Company insiders own 0.47% of the company’s stock.
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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