Carson Advisory Inc. Has $380,000 Position in Chubb Limited (NYSE:CB)

Carson Advisory Inc. trimmed its holdings in Chubb Limited (NYSE:CB) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,488 shares of the financial services provider’s stock after selling 75 shares during the quarter. Carson Advisory Inc.’s holdings in Chubb were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. MGO One Seven LLC lifted its stake in Chubb by 10.8% in the second quarter. MGO One Seven LLC now owns 8,277 shares of the financial services provider’s stock valued at $2,111,000 after buying an additional 809 shares during the period. Steigerwald Gordon & Koch Inc. increased its stake in shares of Chubb by 1.9% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock valued at $543,000 after acquiring an additional 40 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Chubb by 2.8% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,373 shares of the financial services provider’s stock valued at $1,371,000 after acquiring an additional 145 shares during the period. Gryphon Financial Partners LLC boosted its stake in Chubb by 19.6% during the second quarter. Gryphon Financial Partners LLC now owns 3,446 shares of the financial services provider’s stock worth $879,000 after acquiring an additional 564 shares in the last quarter. Finally, Van Hulzen Asset Management LLC grew its holdings in Chubb by 10.0% in the second quarter. Van Hulzen Asset Management LLC now owns 1,318 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 120 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JMP Securities increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Morgan Stanley cut their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Bank of America boosted their price objective on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Barclays assumed coverage on Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $274.70.

Chubb Price Performance

Chubb stock opened at $291.03 on Wednesday. Chubb Limited has a 52 week low of $204.15 and a 52 week high of $294.18. The company’s 50 day moving average price is $270.37 and its two-hundred day moving average price is $261.33. The stock has a market cap of $117.56 billion, a P/E ratio of 12.92, a P/E/G ratio of 5.65 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period last year, the company posted $4.92 earnings per share. Chubb’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total value of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,836 shares of company stock worth $27,055,900. 0.86% 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 risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.