Centaurus Financial Inc. purchased a new position in Chubb Limited (NYSE:CB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,554 shares of the financial services provider's stock, valued at approximately $1,552,000.
Several other institutional investors have also bought and sold shares of CB. IMG Wealth Management Inc. acquired a new position in shares of Chubb during the second quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new stake in shares of Chubb in the second quarter valued at $25,000. Parvin Asset Management LLC acquired a new stake in shares of Chubb in the second quarter valued at $26,000. CBIZ Investment Advisory Services LLC grew its holdings in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock worth $26,000 after acquiring an additional 49 shares during the period. Finally, Frazier Financial Advisors LLC raised its position in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.
Chubb Stock Performance
Shares of CB opened at $338.19 on Friday. The firm has a market cap of $130.47 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.67 and a beta of 0.39. The company's fifty day moving average is $347.13 and its 200-day moving average is $333.92. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 12 month low of $265.30 and a 12 month high of $365.91.
Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.14 EPS. Equities analysts expect that Chubb Limited will post 27.49 EPS for the current fiscal year.
Chubb Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 payout ratio is currently 14.43%.
Analyst Upgrades and Downgrades
CB has been the subject of several research reports. Evercore restated an "outperform" rating and set a $374.00 price objective on shares of Chubb in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Monday, June 29th. Barclays set a $387.00 price objective on Chubb in a research report on Tuesday, July 7th. HSBC downgraded Chubb from a "buy" rating to a "hold" rating and upped their target price for the company from $370.00 to $373.00 in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $354.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $361.00.
Get Our Latest Stock Analysis on CB
Insider Transactions at Chubb
In related news, Director Michael P. Connors sold 5,500 shares of the business'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 value of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the company's 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 sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by insiders.
Chubb Company Profile
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Free Report)
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.
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