Transatlantique Private Wealth LLC Grows Stock Position in Chubb Limited (NYSE:CB)

Transatlantique Private Wealth LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,112 shares of the financial services provider’s stock after acquiring an additional 53 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Chubb were worth $1,555,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. ORG Partners LLC purchased a new position in Chubb in the 2nd quarter worth $963,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Chubb by 16.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after purchasing an additional 10,745 shares during the period. Edgestream Partners L.P. purchased a new stake in Chubb in the first quarter valued at approximately $984,000. Sierra Summit Advisors LLC acquired a new position in Chubb in the 4th quarter worth approximately $844,000. Finally, Leuthold Group LLC purchased a new position in Chubb during the 1st quarter worth approximately $3,033,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 0.0 %

CB opened at $290.71 on Friday. The firm has a market capitalization of $118.05 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The company’s 50 day simple moving average is $275.87 and its two-hundred day simple moving average is $263.26. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.92 earnings per share. Analysts expect that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. Chubb’s payout ratio is 16.16%.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Roth Mkm increased their price target on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Bank of America raised their target price on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Barclays began coverage on Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average price target of $274.70.

Insider Activity at Chubb

In other Chubb news, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock valued at $24,874,208. 0.86% of the stock is owned by company insiders.

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.