SPC Financial Inc. Increases Stock Position in Chubb Limited (NYSE:CB)

SPC Financial Inc. raised its position in Chubb Limited (NYSE:CB) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,312 shares of the financial services provider’s stock after buying an additional 156 shares during the period. SPC Financial Inc.’s holdings in Chubb were worth $4,161,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CB. Beacon Capital Management LLC boosted its position in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Chubb during the 1st quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in Chubb in the 2nd quarter valued at $26,000. Wellington Shields Capital Management LLC acquired a new position in Chubb during the first quarter worth $29,000. Finally, Kimelman & Baird LLC purchased a new position in Chubb during the second quarter valued at $32,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $288.39 on Tuesday. The stock has a fifty day moving average price of $279.09 and a 200 day moving average price of $264.94. 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. The company has a market cap of $117.10 billion, a PE ratio of 12.80, a P/E/G ratio of 5.74 and a beta of 0.66.

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 business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the previous year, the business posted $4.92 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts forecast that Chubb Limited will post 21.21 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s dividend payout ratio is currently 16.16%.

Analyst Ratings Changes

Several research firms have commented on CB. Keefe, Bruyette & Woods boosted their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Roth Mkm raised their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted 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 investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $274.70.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

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.