Los Angeles Capital Management & Equity Research Inc. Maintains Holdings in Chubb Ltd (NYSE:CB)

Los Angeles Capital Management & Equity Research Inc. continued to hold its position in Chubb Ltd (NYSE:CB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,834 shares of the financial services provider’s stock at the end of the 2nd quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Chubb were worth $17,712,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Lourd Capital LLC acquired a new position in Chubb during the 1st quarter valued at about $236,000. Vigilant Capital Management LLC increased its stake in Chubb by 0.8% during the 1st quarter. Vigilant Capital Management LLC now owns 53,097 shares of the financial services provider’s stock valued at $7,234,000 after buying an additional 410 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Chubb by 0.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 48,748 shares of the financial services provider’s stock valued at $6,642,000 after buying an additional 200 shares during the period. Linscomb & Williams Inc. increased its stake in Chubb by 9.8% during the 1st quarter. Linscomb & Williams Inc. now owns 23,648 shares of the financial services provider’s stock valued at $3,222,000 after buying an additional 2,105 shares during the period. Finally, Cadence Bank NA increased its stake in Chubb by 5.1% during the 1st quarter. Cadence Bank NA now owns 2,196 shares of the financial services provider’s stock valued at $299,000 after buying an additional 106 shares during the period. 86.93% of the stock is currently owned by institutional investors and hedge funds.

CB has been the subject of several research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $155.00 price objective on shares of Chubb in a research report on Tuesday, August 29th. Barclays PLC raised their price objective on shares of Chubb from $155.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Royal Bank Of Canada restated a “buy” rating and set a $153.00 price objective on shares of Chubb in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Chubb from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $156.00 target price (up from $152.00) on shares of Chubb in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Chubb currently has an average rating of “Buy” and an average price target of $154.09.

In related news, insider Juan C. Andrade sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $149.71, for a total value of $748,550.00. Following the completion of the transaction, the insider now directly owns 100,822 shares in the company, valued at approximately $15,094,061.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip V. Bancroft sold 47,049 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $148.86, for a total value of $7,003,714.14. Following the completion of the transaction, the insider now owns 344,560 shares of the company’s stock, valued at $51,291,201.60. The disclosure for this sale can be found here. Insiders sold a total of 67,604 shares of company stock valued at $10,031,383 over the last quarter. 0.43% of the stock is owned by insiders.

Chubb Ltd (NYSE CB) traded up 0.09% during mid-day trading on Friday, hitting $142.92. 622,727 shares of the company traded hands. Chubb Ltd has a one year low of $121.48 and a one year high of $150.28. The company has a market capitalization of $66.52 billion, a price-to-earnings ratio of 12.56 and a beta of 0.92. The company’s 50-day moving average price is $144.76 and its 200 day moving average price is $141.77.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.01. Chubb had a return on equity of 10.51% and a net margin of 16.08%. 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 firm earned $2.25 EPS. Chubb’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts anticipate that Chubb Ltd will post $10.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 29th will be given a $0.71 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.84 annualized dividend and a dividend yield of 1.99%. Chubb’s dividend payout ratio is presently 24.98%.

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About Chubb

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.

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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