2,050 Shares in Chubb Limited $CB Purchased by Cetera Trust Company N.A

Cetera Trust Company N.A acquired a new position in Chubb Limited (NYSE:CB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,050 shares of the financial services provider’s stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Aberdeen Wealth Management LLC bought a new position in shares of Chubb during the 2nd quarter valued at approximately $33,000. Visionary Wealth Advisors purchased a new stake in shares of Chubb during the 2nd quarter worth approximately $401,000. Cullen Capital Management LLC bought a new stake in shares of Chubb in the 2nd quarter worth approximately $229,895,000. Flavin Financial Services Inc. bought a new stake in shares of Chubb in the 2nd quarter worth approximately $456,000. Finally, Asset One Wealth Management LLC purchased a new position in Chubb in the second quarter valued at approximately $312,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Up 1.4%

Shares of CB stock opened at $345.63 on Tuesday. The stock has a market capitalization of $133.34 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.65 and a beta of 0.39. The company’s fifty day simple moving average is $346.25 and its two-hundred day simple moving average is $333.69. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company earned $6.14 earnings per share. As a group, analysts anticipate that Chubb Limited will post 27.49 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 2nd. Shareholders of record on Friday, September 11th will be paid a $1.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CB shares. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 29th. Barclays set a $387.00 target price on Chubb in a research note on Tuesday, July 7th. UBS Group upped their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Morgan Stanley increased their price target on Chubb from $340.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Finally, Evercore reissued an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $361.00.

Insider Activity

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

Chubb Profile

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.