Ieq Capital LLC Takes Position in Chubb Limited $CB

Ieq Capital LLC purchased a new position in Chubb Limited (NYSE:CB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 197,868 shares of the financial services provider’s stock, valued at approximately $67,421,000. Ieq Capital LLC owned about 0.05% of Chubb at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CB. IMG Wealth Management Inc. purchased a new position in Chubb in the second quarter valued at about $25,000. Dunhill Financial LLC purchased a new stake in shares of Chubb during the 2nd quarter worth about $25,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC lifted its holdings in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Chubb in the 1st quarter valued at approximately $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CB shares. Wells Fargo & Company reduced their target price on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. Cantor Fitzgerald increased 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $354.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating and issued a $374.00 price objective on shares of Chubb in a research note on Friday, July 10th. Finally, Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 29th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $361.00.

Chubb Trading Down 0.5%

Shares of CB stock opened at $341.15 on Friday. Chubb Limited has a 12 month low of $265.30 and a 12 month high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $345.88 and its two-hundred day moving average is $333.31. The company has a market cap of $131.62 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the firm posted $6.14 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Chubb Limited will post 27.49 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is 14.43%.

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.