Stanley Laman Group Ltd. Buys 159 Shares of Chubb Limited $CB

Stanley Laman Group Ltd. increased its stake in shares of Chubb Limited (NYSE:CB) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,237 shares of the financial services provider’s stock after purchasing an additional 159 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Chubb were worth $358,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. North Capital Inc. bought a new position in Chubb in the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new position in Chubb in the first quarter valued at about $31,000. 1248 Management LLC acquired a new stake in Chubb in the first quarter worth about $31,000. WPG Advisers LLC acquired a new stake in Chubb in the first quarter worth about $33,000. Finally, Maseco LLP bought a new stake in Chubb during the 2nd quarter worth about $35,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.77% of the company’s stock.

Chubb Price Performance

CB opened at $268.15 on Friday. The stock has a market cap of $106.91 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.02 and a beta of 0.54. Chubb Limited has a 12 month low of $252.16 and a 12 month 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 company has a fifty day simple moving average of $277.40 and a 200 day simple moving average of $281.09.

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

Chubb Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on CB shares. JPMorgan Chase & Co. raised their target price on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. The Goldman Sachs Group raised their price objective on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. HSBC cut shares of Chubb from a “buy” rating to a “hold” rating and dropped their target price for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group upped their price objective on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $305.28.

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.