Transamerica Financial Advisors LLC acquired a new stake in Chubb Limited (NYSE:CB – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 2,687 shares of the financial services provider’s stock, valued at approximately $917,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after acquiring an additional 5,225 shares during the period. National Pension Service increased its holdings in shares of Chubb by 24.4% in the 4th quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock worth $358,462,000 after acquiring an additional 225,515 shares during the period. Harbour Investments Inc. increased its holdings in shares of Chubb by 884.1% in the 4th quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock worth $3,108,000 after acquiring an additional 8,947 shares during the period. Bessemer Group Inc. boosted its stake in Chubb by 16.8% during the 1st quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider’s stock valued at $5,424,000 after purchasing an additional 2,389 shares during the period. Finally, Seizert Capital Partners LLC bought a new position in Chubb in the 4th quarter worth about $3,486,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Chubb Price Performance
NYSE CB opened at $344.08 on Thursday. Chubb Limited has a 12 month low of $265.30 and a 12 month high of $365.91. The firm has a market capitalization of $132.75 billion, a PE ratio of 12.17, a P/E/G ratio of 1.66 and a beta of 0.39. The company’s 50 day simple moving average is $346.84 and its 200 day simple moving average is $333.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.
Chubb Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $1.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 14.43%.
Insider Buying and Selling at Chubb
In other Chubb news, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.
Analyst Upgrades and Downgrades
CB has been the topic of several analyst reports. UBS Group raised their price target on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Mizuho boosted their price objective on Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. The Goldman Sachs Group raised their target price on Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Barclays set a $387.00 target price on Chubb in a research note on Tuesday, July 7th. Finally, Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $361.00.
Get Our Latest Stock Analysis on CB
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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