Chubb Limited (NYSE:CB) Shares Bought by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 0.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,431 shares of the financial services provider’s stock after acquiring an additional 50 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Chubb were worth $3,426,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CB. Norges Bank bought a new stake in shares of Chubb in the 4th quarter worth $957,756,000. Capital Research Global Investors raised its stake in shares of Chubb by 44.4% in the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock worth $1,739,625,000 after buying an additional 2,064,730 shares in the last quarter. Capital World Investors raised its stake in shares of Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after buying an additional 685,677 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of Chubb in the 1st quarter worth $165,932,000. Finally, Bank of Nova Scotia raised its position in shares of Chubb by 198.8% during the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after purchasing an additional 518,535 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,836 shares of company stock worth $27,055,900. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CB has been the topic of a number of recent analyst reports. Bank of America boosted their target price on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Morgan Stanley cut their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their target price on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. JMP Securities boosted their target price on Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their target price on Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $274.70.

Chubb Stock Performance

Shares of NYSE CB opened at $288.87 on Monday. The business’s 50-day moving average price is $272.40 and its two-hundred day moving average price is $262.03. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Limited has a one year low of $204.15 and a one year high of $294.18. The company has a market capitalization of $116.68 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last issued 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. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same quarter in the previous year, the company posted $4.92 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts anticipate that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Chubb Company 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.