Public Employees Retirement System of Ohio purchased a new stake in shares of Chubb Limited (NYSE:CB – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 135,533 shares of the financial services provider’s stock, valued at approximately $46,182,000.
Other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in shares of Chubb in the 2nd quarter worth about $25,000. Dunhill Financial LLC bought a new stake in shares of Chubb in the 2nd quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of Chubb in the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC increased its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.
Insider Activity
In related news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The stock was 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 approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Chubb
Chubb Stock Performance
Shares of CB stock opened at $338.19 on Friday. The business’s 50 day moving average is $347.13 and its two-hundred day moving average is $333.92. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The company has a market capitalization of $130.47 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.67 and a beta of 0.39. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.
Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share 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 company had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the business posted $6.14 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Chubb Limited will post 27.49 EPS for the current fiscal year.
Chubb Announces Dividend
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 paid a $1.02 dividend. 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 (DPR) is currently 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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