Stiles Financial Services Inc Increases Stock Position in Chubb Limited (NYSE:CB)

Stiles Financial Services Inc grew its stake in Chubb Limited (NYSE:CB) by 22.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,661 shares of the financial services provider’s stock after buying an additional 494 shares during the quarter. Stiles Financial Services Inc’s holdings in Chubb were worth $679,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CB. Crestwood Advisors Group LLC boosted its stake in Chubb by 7.2% in the second quarter. Crestwood Advisors Group LLC now owns 1,714 shares of the financial services provider’s stock worth $437,000 after buying an additional 115 shares in the last quarter. Financial Counselors Inc. lifted its holdings in shares of Chubb by 2.6% in the 2nd quarter. Financial Counselors Inc. now owns 199,885 shares of the financial services provider’s stock worth $50,987,000 after acquiring an additional 5,159 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Chubb by 1.3% in the 2nd quarter. Natixis Advisors LLC now owns 584,247 shares of the financial services provider’s stock valued at $149,030,000 after purchasing an additional 7,580 shares in the last quarter. Drive Wealth Management LLC grew its holdings in shares of Chubb by 3.6% during the 2nd quarter. Drive Wealth Management LLC now owns 1,183 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 41 shares during the last quarter. Finally, Valmark Advisers Inc. raised its position in Chubb by 5.1% in the 2nd quarter. Valmark Advisers Inc. now owns 5,810 shares of the financial services provider’s stock worth $1,482,000 after purchasing an additional 284 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CB shares. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. William Blair lowered Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Royal Bank of Canada boosted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, JMP Securities lifted their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $270.79.

Chubb Stock Up 0.8 %

CB traded up $2.20 on Monday, hitting $284.18. The company had a trading volume of 2,343,500 shares, compared to its average volume of 1,606,922. Chubb Limited has a 52-week low of $198.67 and a 52-week high of $284.49. The stock has a fifty day simple moving average of $266.31 and a 200-day simple moving average of $259.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $114.79 billion, a P/E ratio of 12.61, a P/E/G ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.92 EPS. As a group, equities analysts expect that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.91 per share. 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 dividend payout ratio is 16.16%.

Insider Buying and Selling at Chubb

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

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.