Relyea Zuckerberg Hanson LLC Reduces Stock Position in Chubb Limited $CB

Relyea Zuckerberg Hanson LLC reduced its position in shares of Chubb Limited (NYSE:CB) by 2.8% in the second quarter, HoldingsChannel reports. The firm owned 4,264 shares of the financial services provider’s stock after selling 125 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Chubb were worth $1,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Chubb during the 4th quarter worth about $205,000. Sivia Capital Partners LLC boosted its position in Chubb by 5.1% during the first quarter. Sivia Capital Partners LLC now owns 1,217 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 59 shares in the last quarter. Orrstown Financial Services Inc. lifted its holdings in shares of Chubb by 57.3% during the 1st quarter. Orrstown Financial Services Inc. now owns 1,139 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 415 shares during the last quarter. Finally, RDA Financial Network purchased a new stake in Chubb during the 1st quarter worth approximately $215,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.9%

Shares of CB opened at $283.99 on Monday. The company’s fifty day moving average is $274.76 and its two-hundred day moving average is $282.06. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a market cap of $113.22 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $5.38 EPS. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s payout ratio is presently 17.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley cut their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Barclays downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Cantor Fitzgerald raised Chubb to a “hold” rating in a research report on Wednesday, August 13th. UBS Group decreased their price target on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Finally, HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and cut their target price for the company from $317.00 to $300.00 in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $303.24.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.