PFG Investments LLC Raises Holdings in Chubb Limited (NYSE:CB)

PFG Investments LLC raised its position in Chubb Limited (NYSE:CB) by 40.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,279 shares of the financial services provider’s stock after purchasing an additional 654 shares during the period. PFG Investments LLC’s holdings in Chubb were worth $581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC lifted its stake in shares of Chubb by 4.8% in the second quarter. Ashton Thomas Private Wealth LLC now owns 1,926 shares of the financial services provider’s stock worth $491,000 after buying an additional 89 shares in the last quarter. X Square Capital LLC lifted its stake in Chubb by 1.3% in the 2nd quarter. X Square Capital LLC now owns 3,160 shares of the financial services provider’s stock worth $806,000 after purchasing an additional 41 shares in the last quarter. Mount Lucas Management LP acquired a new position in shares of Chubb during the 2nd quarter worth approximately $2,111,000. Prestige Wealth Management Group LLC lifted its position in Chubb by 42.3% during the second quarter. Prestige Wealth Management Group LLC now owns 2,421 shares of the financial services provider’s stock worth $620,000 after buying an additional 720 shares in the last quarter. Finally, MRA Advisory Group purchased a new position in shares of Chubb during the 2nd quarter worth $330,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CB. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Roth Mkm upped their price target on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America raised their price objective on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. JMP Securities upped their target price on shares of Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $274.70.

Insider Buying and Selling at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The disclosure for this sale can be found here. Insiders have sold a total of 94,836 shares of company stock worth $27,055,900 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $284.37 on Thursday. Chubb Limited has a 1-year low of $204.15 and a 1-year high of $294.18. The company has a market cap of $115.47 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 5.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50-day moving average is $270.98 and its two-hundred day moving average is $261.49.

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

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Chubb 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.