Weil Company Inc. Boosts Holdings in Chubb Limited (NYSE:CB)

Weil Company Inc. lifted its stake in shares of Chubb Limited (NYSE:CB) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,264 shares of the financial services provider’s stock after buying an additional 78 shares during the period. Chubb comprises about 1.3% of Weil Company Inc.’s holdings, making the stock its 20th largest position. Weil Company Inc.’s holdings in Chubb were worth $3,638,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CB. Fisher Asset Management LLC boosted its holdings in shares of Chubb by 7.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,123 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 369 shares in the last quarter. Private Advisor Group LLC boosted its stake in Chubb by 4.8% during the fourth quarter. Private Advisor Group LLC now owns 9,710 shares of the financial services provider’s stock worth $2,194,000 after acquiring an additional 445 shares in the last quarter. Gryphon Financial Partners LLC purchased a new stake in Chubb in the fourth quarter worth about $597,000. Wealthspire Advisors LLC increased its stake in shares of Chubb by 5.9% during the fourth quarter. Wealthspire Advisors LLC now owns 3,667 shares of the financial services provider’s stock valued at $829,000 after purchasing an additional 203 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Chubb during the fourth quarter valued at approximately $2,560,000. 83.81% of the stock is owned by institutional investors.

Insider Activity

In other Chubb news, Director Michael G. Atieh sold 261 shares of the company’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 completion of the sale, the director now owns 39,172 shares in the company, valued at $11,261,558.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Peter C. Enns sold 8,200 shares of the firm’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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The disclosure for this sale can be found here. Insiders sold a total of 33,981 shares of company stock valued at $9,504,054 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CB. Morgan Stanley reduced 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. JMP Securities raised their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada increased their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $274.70.

Chubb Stock Up 0.1 %

CB stock opened at $287.54 on Friday. The company has a market cap of $116.76 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 5.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50-day moving average is $268.91 and its two-hundred day moving average is $260.69. Chubb Limited has a fifty-two week low of $202.55 and a fifty-two week high of $293.13.

Chubb (NYSE:CB) last issued 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. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.92 EPS. As a group, analysts forecast that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Dividend Announcement

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 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 is presently 16.16%.

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.