Strathmore Capital Advisors Inc. Purchases New Position in Chubb Limited $CB

Key Points

• Strathmore Capital Advisors Inc. has acquired approximately $544,000 worth of 1,942 shares in Chubb Limited during the second quarter.
• Chubb reported an EPS of $6.14 for the latest quarter, surpassing estimates by 30 cents and reflecting a 6.3% year-over-year revenue growth.
• The company's dividend, which will be paid on October 3rd, is set at $0.97 per share, resulting in a 1.4% dividend yield.

Strathmore Capital Advisors Inc. purchased a new stake in Chubb Limited (NYSE:CB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,942 shares of the financial services provider's stock, valued at approximately $544,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GQG Partners LLC grew its holdings in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock worth $2,836,899,000 after acquiring an additional 4,964,298 shares during the period. GAMMA Investing LLC grew its holdings in Chubb by 36,831.3% during the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after acquiring an additional 2,078,390 shares during the period. Nuveen LLC acquired a new stake in Chubb during the 1st quarter worth $562,221,000. Demars Financial Group LLC grew its holdings in Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Chubb by 1,243.9% during the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider's stock worth $205,491,000 after acquiring an additional 629,822 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction dated 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 sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Corbat bought 425 shares of the company's stock in a transaction dated Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on CB shares. Wolfe Research raised shares of Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Hsbc Global Res lowered shares of Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. HSBC cut shares of Chubb from a "buy" rating to a "hold" rating and reduced their price target for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Evercore ISI set a $312.00 price target on shares of Chubb in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Chubb currently has an average rating of "Hold" and an average price target of $303.06.

Chubb Stock Performance

Shares of CB stock traded down $0.28 on Friday, reaching $274.00. The stock had a trading volume of 3,627,677 shares, compared to its average volume of 1,736,191. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm's 50-day moving average is $273.76 and its two-hundred day moving average is $282.97. The firm has a market capitalization of $109.24 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 3.09 and a beta of 0.56. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.38 EPS. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

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.