Metropolitan Life Insurance Co NY cut its position in shares of Chubb Limited (NYSE:CB – Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,049 shares of the financial services provider’s stock after selling 516 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Chubb were worth $3,476,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Exeter Financial LLC increased its holdings in shares of Chubb by 0.9% in the second quarter. Exeter Financial LLC now owns 5,873 shares of the financial services provider’s stock valued at $1,128,000 after buying an additional 50 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in Chubb by 10.1% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 555 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 51 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its holdings in Chubb by 2.7% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 2,001 shares of the financial services provider’s stock worth $385,000 after buying an additional 52 shares during the period. Monte Financial Group LLC lifted its stake in Chubb by 1.1% during the second quarter. Monte Financial Group LLC now owns 4,985 shares of the financial services provider’s stock valued at $960,000 after buying an additional 52 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Chubb by 3.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,772 shares of the financial services provider’s stock worth $341,000 after buying an additional 53 shares during the period. Institutional investors own 86.30% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on CB shares. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. JPMorgan Chase & Co. cut Chubb from an “overweight” rating to a “neutral” rating and set a $250.00 price objective for the company. in a research report on Monday, October 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Chubb in a research note on Wednesday, October 4th. They set a “buy” rating and a $269.00 price target for the company. Jefferies Financial Group lowered their price target on Chubb from $217.00 to $215.00 in a research note on Friday, October 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $250.00 price objective on shares of Chubb in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average target price of $243.71.
Chubb Stock Up 0.2 %
Chubb stock opened at $223.16 on Tuesday. The firm has a market cap of $91.05 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.14 and a beta of 0.61. The firm has a fifty day moving average price of $213.75 and a two-hundred day moving average price of $202.84. Chubb Limited has a fifty-two week low of $183.40 and a fifty-two week high of $231.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.30 and a quick ratio of 0.30.
Chubb (NYSE:CB – Get Free Report) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $4.95 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.74. The firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.16 billion. Chubb had a return on equity of 14.26% and a net margin of 14.58%. As a group, analysts forecast that Chubb Limited will post 19.18 earnings per share for the current year.
Chubb Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, December 14th. Chubb’s dividend payout ratio (DPR) is currently 20.32%.
Insider Buying and Selling
In other Chubb news, COO John W. Keogh sold 10,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $201.01, for a total value of $2,010,100.00. Following the completion of the sale, the chief operating officer now directly owns 265,184 shares of the company’s stock, valued at approximately $53,304,635.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Juan Luis Ortega sold 1,508 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $218.63, for a total transaction of $329,694.04. Following the sale, the executive vice president now directly owns 49,940 shares in the company, valued at $10,918,382.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John W. Keogh sold 10,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $201.01, for a total value of $2,010,100.00. Following the completion of the transaction, the chief operating officer now owns 265,184 shares of the company’s stock, valued at $53,304,635.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,665 shares of company stock valued at $12,597,136. 0.37% of the stock is owned by company insiders.
Chubb Company Profile
Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial 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.
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