4,231 Shares in Chubb Limited $CB Purchased by Foster & Motley Inc.

Foster & Motley Inc. acquired a new stake in shares of Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,231 shares of the financial services provider’s stock, valued at approximately $1,442,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Financial Solutions LLC bought a new position in Chubb during the 2nd quarter valued at $2,547,000. First National Bank of Omaha bought a new stake in Chubb in the second quarter valued at $3,939,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Chubb in the 2nd quarter worth about $142,000. Valley Forge Investment Consultants Inc. ADV bought a new position in shares of Chubb in the second quarter worth $681,000. Finally, Meeder Advisory Services Inc. bought a new stake in shares of Chubb during the 2nd quarter worth about $3,910,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the topic of several research reports. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Jefferies Financial Group lowered their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and lifted their price target for the stock from $370.00 to $373.00 in a research report on Monday, July 6th. Finally, Morgan Stanley increased their price objective on Chubb from $340.00 to $360.00 and gave the company an “equal weight” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $361.00.

Chubb Stock Performance

NYSE:CB opened at $341.45 on Thursday. The firm’s 50-day moving average is $345.32 and its 200-day moving average is $333.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $131.73 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.71 and a beta of 0.39. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91.

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 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 firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the business posted $6.14 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared 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 of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is presently 14.43%.

Insider Activity

In related 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 in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% 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, 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 transaction of $3,099,319.08. Following the completion of 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. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

Chubb Company 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.