Chubb Limited $CB Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its position in Chubb Limited (NYSE:CB) by 20.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,875 shares of the financial services provider’s stock after acquiring an additional 41,622 shares during the quarter. HighTower Advisors LLC’s holdings in Chubb were worth $84,120,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new stake in shares of Chubb during the 2nd quarter worth $25,000. Dunhill Financial LLC purchased a new position in Chubb in the second quarter valued at $25,000. Parvin Asset Management LLC purchased a new position in Chubb in the second quarter valued at $26,000. Highland Investment Advisors LLC acquired a new stake in Chubb in the second quarter valued at $26,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in Chubb by 148.5% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael Connors sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly 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.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent analyst reports. HSBC downgraded 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 report on Monday, July 6th. Evercore reissued an “outperform” rating and set a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Weiss Ratings cut Chubb from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, August 27th. The Goldman Sachs Group upped their price target on Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $361.00.

Chubb Price Performance

Shares of CB opened at $341.16 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91. The stock has a market cap of $131.62 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.63 and a beta of 0.37. The firm has a fifty day moving average price of $348.24 and a 200 day moving average price of $334.58.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.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 company posted $6.14 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chubb Limited will post 27.35 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 given 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 dividend yield of 1.2%. Chubb’s dividend payout ratio 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.