Csenge Advisory Group Sells 140 Shares of Chubb Limited (NYSE:CB)

Csenge Advisory Group reduced its position in shares of Chubb Limited (NYSE:CB) by 2.7% in the first quarter, Holdings Channel reports. The firm owned 5,057 shares of the financial services provider’s stock after selling 140 shares during the quarter. Csenge Advisory Group’s holdings in Chubb were worth $1,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Shields Capital Management LLC bought a new stake in shares of Chubb in the first quarter worth approximately $29,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Chubb in the fourth quarter worth approximately $29,000. ZRC Wealth Management LLC bought a new stake in Chubb during the fourth quarter valued at approximately $29,000. EdgeRock Capital LLC bought a new stake in Chubb during the fourth quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Chubb during the fourth quarter valued at approximately $32,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. Citigroup restated a “neutral” rating and set a $275.00 target price (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Keefe, Bruyette & Woods lowered their price target on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. The Goldman Sachs Group lifted their price target on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Morgan Stanley lowered their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Bank of America raised shares of Chubb from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $244.00 to $266.00 in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $267.65.

Insider Transactions at Chubb

In related news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Juan Luis Ortega sold 2,400 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $11,648,059.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,552 shares of company stock worth $12,149,985. Insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.4 %

CB stock traded up $0.91 during mid-day trading on Thursday, reaching $257.23. 489,492 shares of the stock traded hands, compared to its average volume of 1,645,392. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. Chubb Limited has a one year low of $186.52 and a one year high of $275.41. The stock has a market capitalization of $104.45 billion, a PE ratio of 11.38, a PEG ratio of 6.11 and a beta of 0.66. The business has a 50-day moving average price of $260.29 and a two-hundred day moving average price of $250.48.

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

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.42%. Chubb’s dividend payout ratio is presently 16.16%.

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.