Focus Financial Network Inc. Buys 64 Shares of Chubb Limited (NYSE:CB)

Focus Financial Network Inc. grew its stake in Chubb Limited (NYSE:CB) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,735 shares of the financial services provider’s stock after purchasing an additional 64 shares during the quarter. Focus Financial Network Inc.’s holdings in Chubb were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Bard Financial Services Inc. raised its stake in shares of Chubb by 3.7% during the 1st quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 40 shares during the period. Rossmore Private Capital boosted its stake in Chubb by 1.6% in the fourth quarter. Rossmore Private Capital now owns 2,600 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 41 shares during the last quarter. Equitable Trust Co. grew its position in shares of Chubb by 1.4% during the 1st quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 41 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of Chubb by 11.1% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 422 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 42 shares during the period. Finally, Angeles Investment Advisors LLC lifted its stake in Chubb by 2.1% in the fourth quarter. Angeles Investment Advisors LLC now owns 2,027 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CB shares. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Morgan Stanley lowered their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods increased their target price on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $270.79.

Insider Buying and Selling

In related news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at $11,648,059.36. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

Chubb Stock Down 0.5 %

NYSE:CB traded down $1.47 during trading hours on Wednesday, reaching $270.56. 277,540 shares of the company traded hands, compared to its average volume of 1,620,503. Chubb Limited has a 1 year low of $198.49 and a 1 year high of $277.91. The stock has a market capitalization of $109.86 billion, a P/E ratio of 12.08, a P/E/G ratio of 5.21 and a beta of 0.66. The business’s 50-day moving average price is $264.01 and its two-hundred day moving average price is $257.86. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. During the same quarter in the previous year, the firm earned $4.92 EPS. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts predict that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

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.