Los Angeles Capital Management LLC Has $161.51 Million Position in Chubb Limited (NYSE:CB)

Los Angeles Capital Management LLC cut its stake in shares of Chubb Limited (NYSE:CBFree Report) by 38.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 623,295 shares of the financial services provider’s stock after selling 394,374 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.15% of Chubb worth $161,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. ZRC Wealth Management LLC bought a new position in shares of Chubb in the 4th quarter worth about $29,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Chubb in the 4th quarter worth about $29,000. Tennessee Valley Asset Management Partners bought a new position in shares of Chubb in the 4th quarter worth about $32,000. Northwest Financial Advisors bought a new position in shares of Chubb in the 4th quarter worth about $33,000. Finally, Naples Money Management LLC bought a new position in shares of Chubb in the 4th quarter worth about $34,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America raised Chubb from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $244.00 to $266.00 in a research report on Thursday, May 23rd. Morgan Stanley boosted their target price on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their target price on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on Chubb from $297.00 to $294.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.70.

Check Out Our Latest Research Report on CB

Insider Activity at Chubb

In related news, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the transaction, the executive vice president now owns 44,632 shares in the company, valued at $11,648,059.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Chubb news, COO John W. Keogh sold 34,707 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the sale, the chief operating officer now owns 284,136 shares in the company, valued at $71,596,589.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $11,648,059.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,352 shares of company stock worth $9,968,293. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of NYSE CB traded up $2.31 during midday trading on Wednesday, reaching $263.03. The company’s stock had a trading volume of 1,445,357 shares, compared to its average volume of 1,371,275. Chubb Limited has a 12-month low of $183.71 and a 12-month high of $275.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50 day moving average price of $256.62 and a 200-day moving average price of $246.69. The stock has a market capitalization of $106.81 billion, a P/E ratio of 11.67, a PEG ratio of 6.25 and a beta of 0.66.

Chubb (NYSE:CBGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The business had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same quarter in the prior year, the business earned $4.41 earnings per share. Chubb’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities analysts predict that Chubb Limited will post 21.19 earnings per share for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.91 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, June 14th. This represents a $3.64 annualized dividend and a yield of 1.38%. Chubb’s dividend payout ratio is presently 16.16%.

About Chubb

(Free Report)

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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