Cambridge Investment Research Advisors Inc. Has $12.43 Million Stock Holdings in Chubb Limited (NYSE:CB)

Cambridge Investment Research Advisors Inc. lowered its stake in Chubb Limited (NYSE:CB) by 3.5% during the second quarter, Holdings Channel.com reports. The fund owned 48,727 shares of the financial services provider’s stock after selling 1,750 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Chubb were worth $12,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CB. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Chubb during the fourth quarter valued at approximately $33,177,000. Atria Wealth Solutions Inc. boosted its position in Chubb by 1.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,889 shares of the financial services provider’s stock valued at $2,922,000 after purchasing an additional 160 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Chubb by 0.9% during the fourth quarter. Russell Investments Group Ltd. now owns 303,354 shares of the financial services provider’s stock valued at $68,532,000 after purchasing an additional 2,828 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in shares of Chubb by 2.1% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,199 shares of the financial services provider’s stock valued at $949,000 after buying an additional 87 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in shares of Chubb by 87.5% in the fourth quarter. HHM Wealth Advisors LLC now owns 300 shares of the financial services provider’s stock valued at $68,000 after buying an additional 140 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Chubb stock traded up $1.58 during mid-day trading on Tuesday, reaching $277.21. 782,830 shares of the company were exchanged, compared to its average volume of 1,607,518. The company has a fifty day simple moving average of $265.01 and a 200-day simple moving average of $258.62. Chubb Limited has a 12 month low of $198.67 and a 12 month high of $279.24. 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 firm has a market cap of $112.56 billion, a PE ratio of 12.30, a PEG ratio of 5.21 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings data 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 firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same quarter last year, the company earned $4.92 EPS. The company’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.31%. Chubb’s payout ratio is 16.16%.

Insider Activity

In other news, EVP Juan Luis Ortega sold 2,400 shares of Chubb 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 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 filing with the SEC, which is available at the SEC website. In related news, EVP Peter C. Enns sold 8,200 shares of the firm’s 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 owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 2,400 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. 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. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada raised their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Bank of America raised their price objective on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Roth Mkm raised their price objective on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, 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 note on Monday, July 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $270.79.

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.