Kintegral Advisory LLC Has $5.93 Million Stock Position in Chubb Limited (NYSE:CB)

Kintegral Advisory LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 13.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,190 shares of the financial services provider’s stock after acquiring an additional 2,706 shares during the period. Kintegral Advisory LLC’s holdings in Chubb were worth $5,934,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CB. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the 1st quarter valued at approximately $25,000. Beacon Capital Management LLC lifted its stake in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Chubb in the 4th quarter valued at about $29,000. Wellington Shields Capital Management LLC acquired a new stake in Chubb in the 1st quarter valued at about $29,000. Finally, Northwest Financial Advisors bought a new position in Chubb during the fourth quarter worth about $33,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CB. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Bank of America upped their target price on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $270.79.

Insider Activity

In related news, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total transaction of $626,352.00. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at approximately $11,648,059.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Juan Luis Ortega sold 2,400 shares of Chubb stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $11,648,059.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,521 shares of company stock valued at $3,878,712. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

NYSE:CB traded up $1.50 on Wednesday, hitting $278.71. The company had a trading volume of 1,073,173 shares, compared to its average volume of 1,604,474. Chubb Limited has a 52 week low of $198.67 and a 52 week high of $280.23. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $113.17 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 5.21 and a beta of 0.66. The firm has a 50 day moving average of $265.30 and a two-hundred day moving average of $258.84.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the prior year, the business earned $4.92 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, research analysts anticipate that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.31%. Chubb’s dividend payout ratio is presently 16.16%.

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.