Pillar Pacific Capital Management LLC increased its position in shares of Chubb Ltd (NYSE:CB) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 39,207 shares of the financial services provider’s stock after purchasing an additional 171 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Chubb were worth $5,775,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. JNBA Financial Advisors raised its stake in Chubb by 223.2% during the 2nd quarter. JNBA Financial Advisors now owns 181 shares of the financial services provider’s stock worth $27,000 after buying an additional 125 shares during the period. Mcmillion Capital Management Inc. acquired a new position in Chubb during the 2nd quarter worth approximately $27,000. Meridian Wealth Management LLC acquired a new position in Chubb during the 2nd quarter worth approximately $28,000. Ascent Wealth Partners LLC purchased a new stake in shares of Chubb in the first quarter worth approximately $28,000. Finally, MRA Associates USA LLC purchased a new stake in shares of Chubb in the second quarter worth approximately $33,000. 89.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of CB traded down $2.00 on Friday, reaching $153.22. 1,303,990 shares of the company’s stock traded hands, compared to its average volume of 1,780,988. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. The stock has a market cap of $70.74 billion, a PE ratio of 16.23, a PEG ratio of 1.49 and a beta of 0.72. The stock’s 50 day simple moving average is $152.30 and its two-hundred day simple moving average is $143.72. Chubb Ltd has a 52-week low of $119.54 and a 52-week high of $160.23.
Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. Chubb’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $2.68 earnings per share. Analysts forecast that Chubb Ltd will post 10.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Thursday, September 19th. Chubb’s payout ratio is 31.78%.
Several brokerages have recently commented on CB. Compass Point downgraded Chubb from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $165.00 to $156.00 in a research note on Wednesday, May 29th. They noted that the move was a valuation call. Atlantic Securities downgraded Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price objective for the company. in a research note on Thursday, June 20th. Wells Fargo & Co increased their price objective on Chubb from $157.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. JMP Securities reissued an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. Finally, Barclays set a $185.00 price objective on Chubb and gave the stock a “buy” rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Chubb currently has a consensus rating of “Hold” and an average target price of $153.00.
In related news, CEO Evan G. Greenberg sold 215,648 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $148.84, for a total transaction of $32,097,048.32. Following the completion of the sale, the chief executive officer now directly owns 1,002,730 shares of the company’s stock, valued at $149,246,333.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $158.15, for a total value of $948,900.00. Following the sale, the insider now directly owns 168,037 shares of the company’s stock, valued at $26,575,051.55. The disclosure for this sale can be found here. Insiders have sold 345,421 shares of company stock valued at $51,485,939 over the last ninety days. 0.47% of the stock is currently owned by company insiders.
Chubb Company Profile
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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