Clarius Group LLC increased its position in shares of Chubb Ltd (NYSE:CB) by 99.4% in the first quarter, HoldingsChannel.com reports. The firm owned 4,318 shares of the financial services provider’s stock after purchasing an additional 2,153 shares during the quarter. Clarius Group LLC’s holdings in Chubb were worth $605,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in CB. Claybrook Capital LLC bought a new stake in shares of Chubb in the 4th quarter valued at about $25,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of Chubb by 114.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 219 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 117 shares in the last quarter. Ascent Wealth Partners LLC bought a new stake in shares of Chubb in the 1st quarter valued at about $28,000. Executive Wealth Management LLC bought a new position in shares of Chubb during the 4th quarter worth approximately $29,000. Finally, Sageworth Trust Co bought a new position in shares of Chubb during the 1st quarter worth approximately $29,000. 89.04% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the stock. Barclays boosted their price objective on shares of Chubb from $160.00 to $167.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Credit Suisse Group lowered shares of Chubb from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $141.00 to $131.00 in a research note on Wednesday, February 27th. ValuEngine upgraded shares of Chubb from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $157.00 price objective on shares of Chubb in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $150.10.
NYSE CB opened at $148.61 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $68.22 billion, a P/E ratio of 15.74, a PEG ratio of 1.42 and a beta of 0.75. Chubb Ltd has a 52 week low of $119.54 and a 52 week high of $150.32.
Chubb (NYSE:CB) last released its earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.05. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same quarter in the previous year, the firm earned $2.34 EPS. Research analysts forecast that Chubb Ltd will post 10.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 21st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, June 20th. This is an increase from Chubb’s previous quarterly dividend of $0.73. Chubb’s payout ratio is currently 30.93%.
In other news, CAO Paul Bennett Medini sold 2,750 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $145.52, for a total value of $400,180.00. Following the sale, the chief accounting officer now directly owns 91,659 shares of the company’s stock, valued at approximately $13,338,217.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Alan Boroughs sold 25,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $148.64, for a total transaction of $3,716,000.00. Following the completion of the sale, the executive vice president now directly owns 171,315 shares in the company, valued at $25,464,261.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,498 shares of company stock worth $18,084,573. 0.47% of the stock is owned by insiders.
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Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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