10,343 Shares in Chubb Limited $CB Bought by Beverly Hills Private Wealth LLC

Key Points

• Beverly Hills Private Wealth LLC acquired 10,343 Chubb shares during the second quarter, valued at approximately $3.52 million. Institutional investors collectively own 83.81% of Chubb’s outstanding stock.
• Analysts maintain a mixed outlook, with Chubb carrying a consensus rating of “Hold” and an average price target of $360.09; individual targets range from $337 to $389.
• Chubb reported quarterly EPS of $7.26, beating estimates by $0.49, while revenue increased 3.6% year over year. The company also declared a quarterly dividend of $1.02 per share, equivalent to a 1.2% annual yield.

Beverly Hills Private Wealth LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,343 shares of the financial services provider's stock, valued at approximately $3,524,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new stake in Chubb in the second quarter valued at approximately $2,744,000. Plato Investment Management Ltd acquired a new position in Chubb during the 2nd quarter worth about $2,510,000. Bell Investment Advisors Inc acquired a new stake in Chubb during the 2nd quarter valued at approximately $112,000. AMG National Trust Bank acquired a new stake in shares of Chubb during the second quarter worth $1,496,000. Finally, Avise Financial Cooperative Inc. acquired a new position in Chubb in the second quarter valued at $285,000. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the business's stock in a transaction dated 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 sale, the chief operating officer directly owned 203,322 shares of the company's stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CB. Evercore reiterated an "outperform" rating and set a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Cantor Fitzgerald upped their target price on Chubb from $318.00 to $337.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on Chubb from $340.00 to $370.00 and gave the stock a "neutral" rating in a research note on Monday, July 20th. Wells Fargo & Company lowered their target price on Chubb from $358.00 to $356.00 and set an "equal weight" rating for the company in a report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price target on Chubb from $374.00 to $389.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $360.09.

Chubb Stock Performance

Shares of Chubb stock opened at $343.80 on Monday. The business has a 50-day simple moving average of $344.31 and a 200 day simple moving average of $332.19. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $132.64 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.14 earnings per share. On average, research analysts anticipate that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm 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 dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb's payout ratio is 14.43%.

Chubb 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.

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source