ST Germain D J Co. Inc. Has $30.64 Million Stock Holdings in Chubb Limited $CB

Key Points

• ST Germain D J Co. Inc. increased its stake in Chubb Limited by 14.0%, owning approximately $30.64 million worth of shares, making Chubb their 17th largest investment.
• Chubb reported quarterly earnings of $6.14 per share, surpassing the consensus estimate by $0.30, and achieved a revenue of $14.20 billion, which is a 6.3% year-over-year increase.
• The company announced a quarterly dividend of $0.97 per share, with a dividend yield of 1.4%, to be paid on October 3rd.

ST Germain D J Co. Inc. increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,763 shares of the financial services provider's stock after acquiring an additional 12,955 shares during the quarter. Chubb comprises about 1.3% of ST Germain D J Co. Inc.'s investment portfolio, making the stock its 17th largest position. ST Germain D J Co. Inc.'s holdings in Chubb were worth $30,642,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. E Fund Management Co. Ltd. lifted its stake in shares of Chubb by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 36 shares during the period. Rise Advisors LLC lifted its stake in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock valued at $254,000 after acquiring an additional 37 shares during the period. Sunflower Bank N.A. lifted its stake in shares of Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock valued at $273,000 after acquiring an additional 38 shares during the period. Avantax Planning Partners Inc. lifted its stake in shares of Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 38 shares during the period. Finally, Sky Investment Group LLC lifted its stake in shares of Chubb by 1.6% during the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock valued at $694,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a report on Wednesday, August 13th. Evercore ISI set a $312.00 target price on Chubb in a research note on Wednesday, July 23rd. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $321.00 to $298.00 in a research note on Monday, July 7th. Morgan Stanley cut their target price 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. Finally, UBS Group cut their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $303.06.

Chubb Trading Up 0.1%

NYSE:CB opened at $278.40 on Friday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $111.00 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 3.14 and a beta of 0.56. The business's 50-day simple moving average is $273.70 and its 200-day simple moving average is $282.67.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. During the same quarter in the previous year, the business posted $5.38 EPS. Chubb's revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb's payout ratio is 17.12%.

Insider Activity

In other news, Director Michael Corbat bought 425 shares of the business's stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. The trade was a 20.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the sale, the insider owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.77% of the company's stock.

About Chubb

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.

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