922 Shares in Chubb Limited (NYSE:CB) Acquired by RB Capital Management LLC

RB Capital Management LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) during the first quarter, HoldingsChannel reports. The institutional investor purchased 922 shares of the financial services provider’s stock, valued at approximately $239,000.

Several other institutional investors also recently bought and sold shares of the business. ZRC Wealth Management LLC purchased a new stake in Chubb during the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb during the fourth quarter worth approximately $29,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Chubb during the first quarter worth approximately $29,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Chubb in the fourth quarter worth $32,000. Finally, Northwest Financial Advisors acquired a new stake in Chubb in the fourth quarter valued at $33,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chubb news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the sale, the director now owns 39,295 shares in the company, valued at $10,597,861.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,552 shares of company stock worth $12,149,985. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Down 1.2 %

NYSE:CB traded down $3.21 during trading hours on Wednesday, hitting $260.04. 1,939,320 shares of the company’s stock traded hands, compared to its average volume of 1,652,849. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a twelve month low of $195.36 and a twelve month high of $275.41. The stock’s fifty day moving average price is $262.18 and its two-hundred day moving average price is $253.05. The firm has a market cap of $105.59 billion, a P/E ratio of 11.54, a P/E/G ratio of 6.14 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.92 EPS. On average, research analysts expect that Chubb Limited will post 20.93 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, June 14th. This is a positive change from Chubb’s previous quarterly dividend of $0.86. Chubb’s payout ratio is presently 16.16%.

Wall Street Analyst Weigh In

CB has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Bank of America lifted their target price on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $269.55.

Chubb 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 risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.