Fiduciary Group LLC decreased its stake in Chubb Ltd (NYSE:CB) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,598 shares of the financial services provider’s stock after selling 234 shares during the period. Fiduciary Group LLC’s holdings in Chubb were worth $290,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of CB. Procyon Private Wealth Partners LLC bought a new position in Chubb in the 4th quarter valued at approximately $26,000. Retirement Network bought a new position in shares of Chubb during the fourth quarter valued at $29,000. Busey Wealth Management bought a new position in shares of Chubb during the fourth quarter valued at $30,000. Harvest Fund Management Co. Ltd bought a new position in shares of Chubb during the first quarter valued at $31,000. Finally, Wealth Quarterback LLC bought a new position in shares of Chubb during the fourth quarter valued at $33,000. 88.05% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on CB. Raymond James reaffirmed a “buy” rating and set a $130.00 price target on shares of Chubb in a research note on Friday, May 8th. Royal Bank of Canada lowered their target price on shares of Chubb from $178.00 to $154.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Wells Fargo & Co lowered their target price on shares of Chubb from $150.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Deutsche Bank raised shares of Chubb from a “sell” rating to a “hold” rating and lowered their target price for the stock from $140.00 to $138.00 in a research note on Sunday, April 19th. Finally, ValuEngine downgraded shares of Chubb from a “hold” rating to a “sell” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Chubb currently has a consensus rating of “Hold” and a consensus target price of $148.06.
In other Chubb news, Director Robert W. Scully acquired 9,750 shares of Chubb stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $102.40 per share, for a total transaction of $998,400.00. Following the completion of the acquisition, the director now directly owns 20,723 shares of the company’s stock, valued at $2,122,035.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Theodore Shasta acquired 2,000 shares of Chubb stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $99.74 per share, with a total value of $199,480.00. Following the completion of the acquisition, the director now directly owns 16,375 shares of the company’s stock, valued at $1,633,242.50. The disclosure for this purchase can be found here. 0.37% of the stock is owned by company insiders.
NYSE:CB traded up $3.92 during trading hours on Friday, reaching $117.00. The company had a trading volume of 4,796,232 shares, compared to its average volume of 3,636,962. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.26. The firm has a market cap of $51.04 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.14 and a beta of 0.68. The business’s 50-day simple moving average is $107.74 and its two-hundred day simple moving average is $137.75. Chubb Ltd has a twelve month low of $87.35 and a twelve month high of $167.74.
Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.68 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.01). The company had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.14 billion. Chubb had a return on equity of 8.69% and a net margin of 10.21%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.54 earnings per share. As a group, equities analysts predict that Chubb Ltd will post 9.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 19th will be issued a dividend of $0.78 per share. This is a boost from Chubb’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, June 18th. Chubb’s dividend payout ratio (DPR) is currently 29.67%.
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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