New England Research & Management Inc. Makes New Investment in Chubb Limited $CB

Key Points

• New England Research & Management Inc. acquired 4,282 shares of Chubb Limited worth approximately $1,241,000, as disclosed in a recent 13F filing with the SEC.
• Chubb reported quarterly earnings of $6.14 per share, surpassing analysts' expectations of $5.84 and indicating a 6.3% revenue increase year-over-year.
• The firm announced a quarterly dividend of $0.97, with a 1.4% yield and a dividend payout ratio of 17.12%, slated to be paid on October 3rd.

New England Research & Management Inc. acquired a new position in Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,282 shares of the financial services provider's stock, valued at approximately $1,241,000.

Other institutional investors have also made changes to their positions in the company. Peoples Bank KS bought a new position in shares of Chubb in the first quarter worth about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Chubb in the first quarter worth about $25,000. North Capital Inc. bought a new position in shares of Chubb in the first quarter worth about $26,000. IMA Advisory Services Inc. bought a new position in shares of Chubb in the first quarter worth about $31,000. Finally, 1248 Management LLC bought a new position in shares of Chubb in the first quarter worth about $31,000. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.77% of the stock is owned by corporate insiders.

Chubb Price Performance

NYSE CB traded up $2.11 during trading hours on Thursday, reaching $274.36. 2,034,831 shares of the company's stock were exchanged, compared to its average volume of 1,799,404. The stock has a market cap of $109.38 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 3.07 and a beta of 0.56. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The firm has a fifty day moving average of $273.96 and a 200-day moving average of $283.18. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.Chubb's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $5.38 EPS. On average, equities research analysts predict that Chubb Limited will post 21.52 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 3rd. Investors of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb's dividend payout ratio is 17.12%.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Keefe, Bruyette & Woods boosted their price target on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $321.00 to $298.00 in a research note on Monday, July 7th. Evercore ISI set a $312.00 price target on Chubb in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of "Hold" and a consensus price target of $303.06.

Chubb Company Profile

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.