Strathmore Capital Advisors Inc. acquired a new stake in shares of Chubb Limited (NYSE:CB – Free Report) during the second quarter, Holdings Channel.com reports. The fund acquired 1,878 shares of the financial services provider’s stock, valued at approximately $666,000.
Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Chubb in the fourth quarter valued at about $205,000. Woodline Partners LP grew its stake in Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 175 shares in the last quarter. Finally, Sei Investments Co. increased its position in Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after purchasing an additional 17,155 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.
Insider Buying and Selling at Chubb
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 shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly 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 document filed with the SEC, which is available at the SEC website. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on Chubb
Chubb Stock Performance
Shares of 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 business’s 50 day moving average is $345.32 and its two-hundred day moving average is $333.02. The company has a market cap 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.
Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same period in the previous year, the company earned $6.14 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts expect that Chubb Limited will post 27.45 EPS for the current year.
Chubb Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio is presently 14.43%.
About Chubb
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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