Beacon Investment Advisory Services Inc. Sells 1,504 Shares of Chubb Limited $CB

Beacon Investment Advisory Services Inc. decreased its stake in Chubb Limited (NYSE:CB) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,756 shares of the financial services provider’s stock after selling 1,504 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Chubb were worth $10,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CB. Cherry Tree Wealth Management LLC grew its position in Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after buying an additional 31 shares in the last quarter. Phillips Wealth Planners LLC raised its holdings in shares of Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 31 shares in the last quarter. Hoxton Planning & Management LLC boosted its position in shares of Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 31 shares during the last quarter. Wright Investors Service Inc. grew its holdings in shares of Chubb by 0.7% during the fourth quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after purchasing an additional 34 shares in the last quarter. Finally, G&S Capital LLC grew its holdings in shares of Chubb by 1.5% during the fourth quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 34 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 1.1%

Shares of NYSE CB opened at $350.17 on Friday. 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 Limited has a 52 week low of $265.30 and a 52 week high of $365.91. The firm’s fifty day moving average is $341.33 and its 200 day moving average is $330.43. The company has a market cap of $135.10 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.75 and a beta of 0.39.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.14 EPS. On average, equities research analysts expect that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, June 12th. Chubb’s payout ratio is currently 14.43%.

Insider Activity

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated 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 $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $354.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Cantor Fitzgerald boosted their price target on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley increased their price target on shares of Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Barclays set a $387.00 price objective on shares of Chubb in a research report on Tuesday, July 7th. Finally, Bank of America cut their target price on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $360.09.

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.