839 Shares in Chubb Limited (NYSE:CB) Purchased by Verum Partners LLC

Verum Partners LLC bought a new position in shares of Chubb Limited (NYSE:CB) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 839 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other hedge funds have also recently bought and sold shares of the company. ZRC Wealth Management LLC acquired a new stake in Chubb in the 4th quarter valued at about $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Chubb in the 4th quarter valued at about $29,000. Tennessee Valley Asset Management Partners acquired a new stake in Chubb in the 4th quarter valued at about $32,000. Northwest Financial Advisors acquired a new stake in Chubb in the 4th quarter valued at about $33,000. Finally, Naples Money Management LLC acquired a new stake in Chubb in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity

In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction 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 directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction 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 directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The disclosure for this sale can be found here. Insiders sold 47,552 shares of company stock valued at $12,149,985 in the last three months. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CB. Morgan Stanley increased their price objective on Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. JMP Securities reiterated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a report on Monday, April 15th. JPMorgan Chase & Co. increased their price objective on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $285.00 price objective on shares of Chubb in a report on Friday. Finally, HSBC reiterated a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average price target of $266.70.

Chubb Stock Performance

Shares of CB stock traded up $0.74 during midday trading on Tuesday, hitting $255.56. The company had a trading volume of 1,111,554 shares, compared to its average volume of 1,679,272. The company’s 50 day simple moving average is $259.36 and its 200 day simple moving average is $249.03. Chubb Limited has a 52-week low of $186.52 and a 52-week high of $275.41. The stock has a market cap of $103.77 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 6.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $4.41 EPS. Research analysts anticipate that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a $0.91 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, June 14th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

About Chubb

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.