25,469 Shares in Chubb Limited $CB Acquired by Trajan Wealth LLC

Key Points

• Trajan Wealth acquired 25,469 Chubb shares in the second quarter, valued at approximately $8.68 million. Institutional investors and hedge funds collectively own 83.81% of Chubb.
• Analysts maintain a broadly neutral outlook, with a consensus “Hold” rating and average price target of $361.00, compared with Chubb’s reported opening price of $345.63.
• Chubb exceeded quarterly earnings expectations, reporting adjusted EPS of $7.26 versus the $6.77 consensus estimate, while declaring a $1.02 quarterly dividend, equivalent to a 1.2% annual yield.

Trajan Wealth LLC acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 25,469 shares of the financial services provider's stock, valued at approximately $8,678,000.

Several other large investors also recently added to or reduced their stakes in CB. XXEC Inc. purchased a new stake in shares of Chubb in the second quarter valued at $228,226,000. BlackRock Inc. purchased a new position in shares of Chubb during the second quarter valued at $9,913,336,000. GQG Partners LLC purchased a new position in shares of Chubb during the second quarter valued at $4,250,113,000. Norges Bank acquired a new position in Chubb during the fourth quarter valued at $1,081,190,000. Finally, Bank of New York Mellon Corp acquired a new position in Chubb during the second quarter valued at $1,042,549,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CB shares. Cantor Fitzgerald raised their price objective on Chubb from $318.00 to $337.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. upped their target price on Chubb from $340.00 to $370.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Wells Fargo & Company reduced their price target on shares of Chubb from $358.00 to $356.00 and set an "equal weight" rating for the company in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, June 29th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Two equities research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $361.00.

Chubb Price Performance

Shares of NYSE:CB opened at $345.63 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The business has a fifty day simple moving average of $346.25 and a 200 day simple moving average of $333.69. The firm has a market cap of $133.34 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.65 and a beta of 0.39.

Chubb (NYSE:CB - Get Free Report) last issued its 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 return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the previous 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 predict that Chubb Limited will post 27.49 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 8,502 shares of the 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 owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 23,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company's stock.

Chubb Company 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.

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.

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