Guyasuta Investment Advisors Inc. maintained its position in Chubb Ltd (NYSE:CB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,405 shares of the financial services provider’s stock at the close of the 2nd quarter. Guyasuta Investment Advisors Inc.’s holdings in Chubb were worth $495,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Chubb during the first quarter worth $101,000. Assetmark Inc. increased its position in shares of Chubb by 2.4% during the first quarter. Assetmark Inc. now owns 1,166 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 27 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Chubb during the second quarter worth $185,000. Independent Portfolio Consultants Inc. increased its position in shares of Chubb by 63.0% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,353 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 523 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in shares of Chubb by 22.9% during the first quarter. SRS Capital Advisors Inc. now owns 1,361 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 254 shares in the last quarter. 86.93% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the stock. UBS AG reiterated a “buy” rating and set a $161.00 target price (up previously from $152.00) on shares of Chubb in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and set a $165.00 target price on shares of Chubb in a research note on Thursday, July 27th. Citigroup Inc. boosted their target price on shares of Chubb from $160.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Finally, BidaskClub upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Chubb currently has a consensus rating of “Buy” and an average price target of $154.09.
Chubb Ltd (CB) traded up 0.43% during trading on Friday, reaching $143.40. 965,473 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $144.76 and a 200 day moving average price of $141.77. Chubb Ltd has a 1-year low of $121.48 and a 1-year high of $150.28. The stock has a market capitalization of $66.74 billion, a P/E ratio of 12.61 and a beta of 0.92.
Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $2.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. Chubb had a net margin of 16.08% and a return on equity of 10.51%. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.06 billion. During the same period in the previous year, the business posted $2.25 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts expect that Chubb Ltd will post $10.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 28th. Chubb’s payout ratio is 24.98%.
In other Chubb news, insider Philip V. Bancroft sold 47,049 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total transaction of $7,003,714.14. Following the completion of the transaction, the insider now directly owns 344,560 shares of the company’s stock, valued at approximately $51,291,201.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $149.71, for a total transaction of $748,550.00. Following the transaction, the insider now directly owns 100,822 shares of the company’s stock, valued at $15,094,061.62. The disclosure for this sale can be found here. Insiders have sold a total of 67,604 shares of company stock valued at $10,031,383 over the last three months. 0.43% of the stock is currently owned by company insiders.
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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