River & Mercantile Asset Management LLP Takes $108,000 Position in Chubb Ltd (NYSE:CB)

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River & Mercantile Asset Management LLP bought a new position in shares of Chubb Ltd (NYSE:CB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 731 shares of the financial services provider’s stock, valued at approximately $108,000.

A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. lifted its stake in Chubb by 0.7% during the second quarter. BlackRock Inc. now owns 31,379,308 shares of the financial services provider’s stock worth $4,621,858,000 after purchasing an additional 224,656 shares during the last quarter. WCM Investment Management LLC lifted its stake in Chubb by 3.5% during the second quarter. WCM Investment Management LLC now owns 14,532,774 shares of the financial services provider’s stock worth $2,140,532,000 after purchasing an additional 493,424 shares during the last quarter. FMR LLC lifted its stake in Chubb by 0.6% during the first quarter. FMR LLC now owns 11,889,654 shares of the financial services provider’s stock worth $1,665,503,000 after purchasing an additional 74,295 shares during the last quarter. Boston Partners lifted its stake in Chubb by 5.1% during the second quarter. Boston Partners now owns 5,862,093 shares of the financial services provider’s stock worth $863,607,000 after purchasing an additional 283,613 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Chubb by 2.4% during the second quarter. Northern Trust Corp now owns 5,503,820 shares of the financial services provider’s stock worth $810,658,000 after purchasing an additional 127,591 shares during the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.

Several research firms recently weighed in on CB. JMP Securities restated an “outperform” rating on shares of Chubb in a research note on Thursday, July 25th. Barclays set a $185.00 price objective on Chubb and gave the company a “buy” rating in a research note on Monday, August 12th. UBS Group boosted their price objective on Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley boosted their price objective on Chubb from $154.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Co boosted their price objective on Chubb from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $153.91.

Shares of NYSE CB opened at $155.10 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $162.44. The stock has a 50 day moving average of $158.29 and a two-hundred day moving average of $149.65. The stock has a market cap of $71.46 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.51 and a beta of 0.70.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. Chubb had a return on equity of 8.53% and a net margin of 11.00%. The company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter in the previous year, the business earned $2.68 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts predict that Chubb Ltd will post 10.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, September 19th. Chubb’s dividend payout ratio is currently 31.78%.

In other news, insider Paul J. Krump sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $160.00, for a total value of $960,000.00. Following the transaction, the insider now owns 112,865 shares of the company’s stock, valued at $18,058,400. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Bennett Medini sold 2,125 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total value of $326,655.00. Following the completion of the transaction, the insider now directly owns 89,534 shares in the company, valued at approximately $13,763,166.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,625 shares of company stock valued at $4,037,880. 0.47% of the stock is owned by company insiders.

About Chubb

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.

Further Reading: Dividend

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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