Vontobel Holding Ltd. boosted its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,048 shares of the financial services provider’s stock after buying an additional 2,396 shares during the quarter. Vontobel Holding Ltd.’s holdings in Chubb were worth $30,824,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new stake in shares of Chubb in the second quarter worth about $25,000. Dunhill Financial LLC bought a new stake in shares of Chubb during the 2nd quarter worth about $25,000. Parvin Asset Management LLC acquired a new position in shares of Chubb during the 2nd quarter valued at about $26,000. Highland Investment Advisors LLC acquired a new position in shares of Chubb during the 2nd quarter valued at about $26,000. Finally, Frazier Financial Advisors LLC increased its holdings 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 acquiring an additional 38 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Chubb from $374.00 to $371.00 and set a “neutral” rating on the stock in a research note on Friday, October 9th. Atlantic Securities set a $301.00 target price on Chubb in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods decreased their target price on Chubb from $389.00 to $387.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Mizuho lowered their price target on Chubb from $347.00 to $336.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Cantor Fitzgerald lifted their price target on shares of Chubb from $330.00 to $333.00 and gave the company a “neutral” rating in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chubb has an average rating of “Hold” and an average target price of $358.36.
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Chubb Stock Performance
Chubb stock traded up $6.72 on Friday, reaching $359.51. 1,533,515 shares of the stock were exchanged, compared to its average volume of 1,624,250. 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 Limited has a twelve month low of $266.40 and a twelve month high of $365.91. The firm has a fifty day moving average price of $340.44 and a two-hundred day moving average price of $336.38. The stock has a market cap of $138.70 billion, a PE ratio of 12.72, a PEG ratio of 1.54 and a beta of 0.36.
Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $6.14 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 27.72 EPS for the current year.
Chubb Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s payout ratio is currently 14.43%.
Insider Activity
In other Chubb news, Director Michael P. Connors sold 5,500 shares of Chubb 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 transaction, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph Wayland sold 8,502 shares of Chubb stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by insiders.
Chubb Profile
Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.
The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.
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