West Family Investments Inc. bought a new stake in Chubb Limited (NYSE:CB – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,214 shares of the financial services provider’s stock, valued at approximately $754,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of CB. BlackRock Inc. bought a new stake in Chubb in the second quarter valued at approximately $9,913,336,000. Norges Bank bought a new position in shares of Chubb during the 4th quarter worth approximately $1,081,190,000. Bank of New York Mellon Corp acquired a new position in shares of Chubb during the 2nd quarter worth approximately $1,042,549,000. Price T Rowe Associates Inc. MD raised its stake in Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares during the period. Finally, Berkshire Hathaway Inc lifted its holdings in Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.
Insider Buying and Selling
In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Chubb
Chubb Stock Performance
NYSE CB opened at $341.45 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $131.73 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.71 and a beta of 0.39. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The firm has a 50-day moving average price of $345.32 and a two-hundred day moving average price of $333.02.
Chubb (NYSE:CB – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the prior year, the business posted $6.14 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Analysts anticipate that Chubb Limited will post 27.45 earnings per share for the current year.
Chubb Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is currently 14.43%.
Chubb Company Profile
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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