3,000 Shares in Chubb Limited $CB Acquired by Denali Advisors LLC

Denali Advisors LLC bought a new stake in Chubb Limited (NYSE:CB) in the second quarter, HoldingsChannel reports. The fund bought 3,000 shares of the financial services provider’s stock, valued at approximately $1,022,000.

Other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new stake in shares of Chubb in the second quarter valued at approximately $25,000. Dunhill Financial LLC bought a new position in Chubb in the second quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC increased its position in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC increased its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Chubb during the 1st quarter worth approximately $29,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of several recent analyst reports. Atlantic Securities set a $301.00 price objective on Chubb in a report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Barclays set a $387.00 price target on shares of Chubb in a research report on Tuesday, July 7th. BMO Capital Markets increased their price target on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Jefferies Financial Group decreased their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus price target of $361.00.

Insider Buying and Selling

In related news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by insiders.

Chubb Trading Up 0.6%

Shares of CB stock opened at $342.98 on Friday. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The company has a market capitalization of $132.32 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.68 and a beta of 0.39. The firm has a 50 day moving average price of $345.61 and a two-hundred day moving average price of $333.25. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the company earned $6.14 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts predict that Chubb Limited will post 27.45 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 2nd. Stockholders of record on Friday, September 11th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s payout ratio is presently 14.43%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.