Sage Mountain Advisors LLC Boosts Stake in Chubb Limited (NYSE:CB)

Sage Mountain Advisors LLC boosted its holdings in Chubb Limited (NYSE:CB) by 51.7% during the second quarter, Holdings Channel.com reports. The fund owned 2,306 shares of the financial services provider’s stock after buying an additional 786 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Chubb were worth $588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Pathway Financial Advisers LLC bought a new position in Chubb in the first quarter valued at $25,000. Beacon Capital Management LLC increased its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Chubb during the 4th quarter valued at about $29,000. Wellington Shields Capital Management LLC bought a new stake in Chubb in the 1st quarter worth approximately $29,000. Finally, Northwest Financial Advisors purchased a new stake in Chubb in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 0.8 %

NYSE CB traded up $2.20 during trading on Friday, hitting $284.18. The company had a trading volume of 2,343,571 shares, compared to its average volume of 1,606,921. The company’s fifty day moving average is $266.31 and its 200-day moving average is $259.38. Chubb Limited has a one year low of $198.67 and a one year high of $284.49. 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 company has a market cap of $115.39 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 5.21 and a beta of 0.66.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, September 13th. Chubb’s payout ratio is presently 16.16%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada lifted their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Bank of America lifted their price objective on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $270.79.

Insider Activity

In other news, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares in the company, valued at approximately $12,187,213.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders sold a total of 14,521 shares of company stock worth $3,878,712 in the last quarter. 0.86% of the stock is owned by company insiders.

Chubb 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.