Foster & Motley Inc. Sells 159 Shares of Chubb Limited (NYSE:CB)

Foster & Motley Inc. cut its position in shares of Chubb Limited (NYSE:CB) by 3.2% during the 2nd quarter, Holdings Channel reports. The firm owned 4,811 shares of the financial services provider’s stock after selling 159 shares during the quarter. Foster & Motley Inc.’s holdings in Chubb were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Meridian Wealth Advisors LLC raised its stake in Chubb by 2.0% in the second quarter. Meridian Wealth Advisors LLC now owns 4,661 shares of the financial services provider’s stock valued at $1,189,000 after buying an additional 92 shares during the period. TD Asset Management Inc increased its holdings in shares of Chubb by 7.4% during the 2nd quarter. TD Asset Management Inc now owns 213,294 shares of the financial services provider’s stock worth $54,407,000 after acquiring an additional 14,726 shares during the last quarter. FineMark National Bank & Trust raised its stake in Chubb by 11.2% in the 2nd quarter. FineMark National Bank & Trust now owns 2,710 shares of the financial services provider’s stock valued at $691,000 after acquiring an additional 274 shares during the period. Cooke & Bieler LP boosted its position in Chubb by 13.4% during the second quarter. Cooke & Bieler LP now owns 625,705 shares of the financial services provider’s stock worth $159,605,000 after purchasing an additional 73,845 shares during the period. Finally, Foundations Investment Advisors LLC increased its holdings in shares of Chubb by 37.9% in the second quarter. Foundations Investment Advisors LLC now owns 1,493 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 410 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CB shares. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Barclays initiated coverage on shares of Chubb in a research report on Wednesday. They set an “overweight” rating and a $349.00 price objective for the company. Morgan Stanley lowered their target price 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. JMP Securities boosted their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada increased their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $274.70.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the sale, the insider now owns 103,950 shares of the company’s stock, valued at $29,676,685.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Chubb news, insider John J. Lupica sold 15,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the completion of the transaction, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The disclosure for this sale can be found here. Insiders sold a total of 27,382 shares of company stock worth $7,609,745 in the last three months. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Down 1.3 %

NYSE CB opened at $287.19 on Friday. The business has a fifty day moving average price of $268.26 and a two-hundred day moving average price of $260.44. The stock has a market capitalization of $116.62 billion, a PE ratio of 12.75, a PEG ratio of 5.59 and a beta of 0.66. Chubb Limited has a fifty-two week low of $198.67 and a fifty-two week high of $293.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share 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 business had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the prior year, the company earned $4.92 EPS. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.2 earnings per share for the current fiscal 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

About Chubb

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.