Henry James International Management Inc. raised its stake in shares of Chubb Ltd (NYSE:CB) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,945 shares of the financial services provider’s stock after buying an additional 82 shares during the period. Henry James International Management Inc.’s holdings in Chubb were worth $637,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Chubb by 0.7% in the 2nd quarter. BlackRock Inc. now owns 31,379,308 shares of the financial services provider’s stock valued at $4,621,858,000 after purchasing an additional 224,656 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Chubb by 3.5% in the 2nd quarter. WCM Investment Management LLC now owns 14,532,774 shares of the financial services provider’s stock valued at $2,140,532,000 after purchasing an additional 493,424 shares during the last quarter. FMR LLC lifted its stake in shares of Chubb by 0.6% in the 1st quarter. FMR LLC now owns 11,889,654 shares of the financial services provider’s stock valued at $1,665,503,000 after purchasing an additional 74,295 shares during the last quarter. Boston Partners lifted its stake in shares of Chubb by 5.1% in the 2nd quarter. Boston Partners now owns 5,862,093 shares of the financial services provider’s stock valued at $863,607,000 after purchasing an additional 283,613 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Chubb by 2.4% in the 2nd quarter. Northern Trust Corp now owns 5,503,820 shares of the financial services provider’s stock valued at $810,658,000 after purchasing an additional 127,591 shares during the last quarter. 89.45% of the stock is owned by institutional investors and hedge funds.
In other news, insider Paul Bennett Medini sold 2,125 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total transaction of $326,655.00. Following the transaction, the insider now owns 89,534 shares in the company, valued at approximately $13,763,166.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul J. Krump sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $155.00, for a total transaction of $775,000.00. Following the transaction, the insider now owns 118,865 shares in the company, valued at approximately $18,424,075. The disclosure for this sale can be found here. Insiders sold a total of 25,625 shares of company stock worth $4,037,880 in the last quarter. Insiders own 0.47% of the company’s stock.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $2.58 by $0.02. The firm had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.68 EPS. As a group, sell-side analysts anticipate that Chubb Ltd will post 10.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.00 annualized dividend and a yield of 1.86%. Chubb’s dividend payout ratio (DPR) is presently 31.78%.
CB has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Co lifted their price objective on shares of Chubb from $157.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. ValuEngine downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James reiterated a “strong-buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Chubb in a report on Friday, July 5th. Finally, JMP Securities reiterated an “outperform” rating on shares of Chubb in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $153.00.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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