Mount Yale Investment Advisors LLC bought a new position in Chubb Ltd (NYSE:CB) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 29,388 shares of the financial services provider’s stock, valued at approximately $4,019,000.
Several other institutional investors and hedge funds have also bought and sold shares of CB. King Luther Capital Management Corp grew its position in Chubb by 3.3% in the 4th quarter. King Luther Capital Management Corp now owns 11,152 shares of the financial services provider’s stock worth $1,630,000 after purchasing an additional 359 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Chubb by 0.6% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 73,003 shares of the financial services provider’s stock worth $9,985,000 after purchasing an additional 400 shares in the last quarter. Wealthstreet Investment Advisors LLC grew its position in Chubb by 24.2% in the 1st quarter. Wealthstreet Investment Advisors LLC now owns 2,111 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 411 shares in the last quarter. Torch Wealth Management LLC grew its position in Chubb by 2.9% in the 1st quarter. Torch Wealth Management LLC now owns 15,318 shares of the financial services provider’s stock worth $2,095,000 after purchasing an additional 425 shares in the last quarter. Finally, Buckhead Capital Management LLC grew its position in shares of Chubb by 2.3% during the 1st quarter. Buckhead Capital Management LLC now owns 18,941 shares of the financial services provider’s stock valued at $2,591,000 after acquiring an additional 425 shares during the period. Institutional investors own 90.17% of the company’s stock.
In other Chubb news, Director Michael G. Atieh sold 920 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $130.86, for a total value of $120,391.20. Following the sale, the director now directly owns 40,561 shares in the company, valued at approximately $5,307,812.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 135 shares of company stock worth $19,612 over the last quarter. Corporate insiders own 0.44% of the company’s stock.
Shares of CB stock traded down $0.11 during trading on Monday, reaching $125.27. 179,371 shares of the company’s stock traded hands, compared to its average volume of 1,725,410. The stock has a market capitalization of $58.40 billion, a P/E ratio of 15.57, a PEG ratio of 1.20 and a beta of 1.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. Chubb Ltd has a 1 year low of $124.67 and a 1 year high of $157.50.
Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.08. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Chubb had a net margin of 11.73% and a return on equity of 7.29%. Chubb’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.48 EPS. equities analysts predict that Chubb Ltd will post 10.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 22nd will be paid a dividend of $0.73 per share. This is a boost from Chubb’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, June 21st. Chubb’s dividend payout ratio is presently 36.36%.
A number of research firms have recently weighed in on CB. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. Argus began coverage on shares of Chubb in a research report on Friday, April 6th. They set a “hold” rating for the company. Wells Fargo & Co set a $169.00 target price on shares of Chubb and gave the company a “buy” rating in a research report on Tuesday, April 24th. Citigroup increased their target price on shares of Chubb from $155.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, May 1st. Finally, ValuEngine downgraded shares of Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $161.69.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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