Chubb Limited (NYSE:CB) Shares Purchased by Vest Financial LLC

Vest Financial LLC raised its position in Chubb Limited (NYSE:CB) by 21.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,197 shares of the financial services provider’s stock after purchasing an additional 46,779 shares during the quarter. Chubb comprises 1.6% of Vest Financial LLC’s investment portfolio, making the stock its 2nd biggest position. Vest Financial LLC owned 0.07% of Chubb worth $68,157,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new position in Chubb in the first quarter valued at about $25,000. Beacon Capital Management LLC lifted its holdings in shares of Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new position in shares of Chubb during the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Chubb during the 2nd quarter worth approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB stock opened at $284.37 on Thursday. The stock has a market cap of $115.47 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 5.65 and a beta of 0.66. Chubb Limited has a fifty-two week low of $204.15 and a fifty-two week high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $270.98 and a 200 day moving average price of $261.49.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the prior year, the business posted $4.92 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts anticipate that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Analyst Upgrades and Downgrades

CB has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price target on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. JMP Securities lifted their target price on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 24th. William Blair lowered shares of Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Morgan Stanley lowered their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Bank of America upped their target price on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $274.70.

Insider Activity

In related news, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The disclosure for this sale can be found here. In the last three months, insiders sold 94,836 shares of company stock valued at $27,055,900. Insiders own 0.86% of the company’s stock.

About Chubb

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.