Vantage Point Financial LLC acquired a new position in shares of Chubb Limited (NYSE:CB – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,955 shares of the financial services provider’s stock, valued at approximately $666,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. XXEC Inc. acquired a new position in Chubb in the 2nd quarter worth $228,226,000. BlackRock Inc. acquired a new stake in shares of Chubb in the 2nd quarter valued at about $9,913,336,000. GQG Partners LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at about $4,250,113,000. Norges Bank bought a new stake in shares of Chubb in the fourth quarter valued at about $1,081,190,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Chubb in the second quarter valued at about $1,042,549,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Chubb
In related news, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’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 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 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
Check Out Our Latest Stock Analysis on CB
Chubb Price Performance
Shares of NYSE CB opened at $344.08 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50-day moving average of $346.84 and a 200-day moving average of $333.88. The stock has a market capitalization of $132.75 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.66 and a beta of 0.39. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91.
Chubb (NYSE:CB – Get Free Report) last released its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business 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 company posted $6.14 earnings per share. Chubb’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts predict that Chubb Limited will post 27.49 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend 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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