Y.D. More Investments Ltd Buys Shares of 215 Chubb Limited (NYSE:CB)

Y.D. More Investments Ltd purchased a new stake in shares of Chubb Limited (NYSE:CB) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 215 shares of the financial services provider’s stock, valued at approximately $55,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. Gryphon Financial Partners LLC acquired a new position in Chubb in the 4th quarter valued at approximately $597,000. Foundations Investment Advisors LLC bought a new stake in shares of Chubb in the fourth quarter worth $223,000. Quadrant Capital Group LLC increased its holdings in Chubb by 14.1% in the fourth quarter. Quadrant Capital Group LLC now owns 4,262 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 527 shares during the period. Meridian Wealth Management LLC raised its position in Chubb by 19.3% during the 4th quarter. Meridian Wealth Management LLC now owns 2,634 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 427 shares during the last quarter. Finally, Private Wealth Management Group LLC acquired a new position in Chubb during the 4th quarter worth about $64,000. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CB shares. Bank of America increased their price target on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price 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. Royal Bank of Canada boosted their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Roth Mkm increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $274.70.

Chubb Trading Up 0.4 %

Shares of Chubb stock opened at $288.87 on Friday. The stock has a market capitalization of $116.68 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. Chubb Limited has a 52 week low of $204.15 and a 52 week high of $294.18. The stock has a 50 day moving average price of $272.40 and a two-hundred day moving average price of $261.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31.

Chubb (NYSE:CB) last issued its 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. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $4.92 EPS. As a group, equities analysts anticipate that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced 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. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, September 13th. Chubb’s payout ratio is presently 16.16%.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. The disclosure for this sale can be found here. Insiders have sold 94,836 shares of company stock worth $27,055,900 in the last quarter. Insiders own 0.86% of the company’s stock.

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.