Everhart Financial Group Inc. Grows Stake in Chubb Limited (NYSE:CB)

Everhart Financial Group Inc. raised its stake in shares of Chubb Limited (NYSE:CB) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,661 shares of the financial services provider’s stock after purchasing an additional 68 shares during the period. Everhart Financial Group Inc.’s holdings in Chubb were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pathway Financial Advisers LLC purchased a new position in shares of Chubb during the 1st quarter worth about $25,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Chubb during the fourth quarter valued at approximately $29,000. Wellington Shields Capital Management LLC bought a new position in shares of Chubb during the first quarter valued at approximately $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb in the fourth quarter worth approximately $32,000. Finally, Northwest Financial Advisors bought a new stake in shares of Chubb during the 4th quarter worth approximately $33,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 1.2 %

NYSE CB traded up $3.25 on Friday, hitting $276.10. The stock had a trading volume of 1,325,683 shares, compared to its average volume of 1,618,184. Chubb Limited has a 52-week low of $198.67 and a 52-week high of $277.91. The business’s fifty day moving average price is $264.71 and its 200 day moving average price is $258.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.29. The stock has a market cap of $112.11 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66.

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

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders 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 yield of 1.32%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio is presently 16.16%.

Insider Buying and Selling at Chubb

In related news, 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 approximately $11,648,059.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction dated 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 sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,521 shares of company stock worth $3,878,712. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Roth Mkm boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley reduced their target price 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. Royal Bank of Canada boosted their price target on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $270.79.

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.