Meeder Advisory Services Inc. Acquires New Shares in Chubb Limited $CB

Key Points

• Meeder Advisory Services acquired 11,474 Chubb shares worth approximately $3.91 million in the second quarter, while institutional investors collectively own 83.81% of the company.
• Chubb reported quarterly EPS of $7.26, exceeding analysts’ $6.77 estimate; revenue rose 3.6% year over year, and analysts expect full-year EPS of $27.45.
• Chubb declared a quarterly dividend of $1.02 per share, or $4.08 annually, representing a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $360.09.

Meeder Advisory Services Inc. acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,474 shares of the financial services provider's stock, valued at approximately $3,910,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Chubb in the second quarter valued at approximately $9,913,336,000. Norges Bank acquired a new position in Chubb in the 4th quarter valued at approximately $1,081,190,000. Bank of New York Mellon Corp acquired a new position in Chubb in the 2nd quarter valued at approximately $1,042,549,000. Price T Rowe Associates Inc. MD raised its stake in shares of Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider's stock valued at $4,665,508,000 after acquiring an additional 3,049,987 shares during the last quarter. Finally, Berkshire Hathaway Inc lifted its holdings in shares of Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider's stock worth $10,689,855,000 after purchasing an additional 2,916,288 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Up 1.4%

Shares of Chubb stock opened at $345.56 on Wednesday. The stock's 50-day moving average is $345.10 and its 200 day moving average is $332.77. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The firm has a market cap of $133.32 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.70 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results 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 firm 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 revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.14 earnings per share. Equities research analysts anticipate that Chubb Limited will post 27.45 EPS for the current year.

Chubb Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares of the company's stock, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John W. Keogh sold 23,000 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company's stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CB. Morgan Stanley increased their price objective on Chubb from $330.00 to $340.00 and gave the company an "equal weight" rating in a report on Monday, July 6th. Citigroup reiterated a "market outperform" rating on shares of Chubb in a research report on Wednesday, July 22nd. UBS Group increased their price target on Chubb from $340.00 to $369.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. HSBC downgraded Chubb from a "buy" rating to a "hold" rating and raised their price objective for the stock from $370.00 to $373.00 in a research report on Monday, July 6th. Finally, Weiss Ratings raised Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $360.09.

About Chubb

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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