Torray Investment Partners LLC Buys 195 Shares of Chubb Limited (NYSE:CB)

Torray Investment Partners LLC raised its stake in Chubb Limited (NYSE:CB) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,622 shares of the financial services provider’s stock after buying an additional 195 shares during the period. Chubb comprises 2.0% of Torray Investment Partners LLC’s holdings, making the stock its 16th biggest holding. Torray Investment Partners LLC’s holdings in Chubb were worth $13,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of CB. Beacon Capital Management LLC lifted its stake in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Chubb during the first quarter valued at approximately $25,000. Chilton Capital Management LLC purchased a new position in Chubb during the second quarter valued at approximately $26,000. Wellington Shields Capital Management LLC bought a new position in Chubb in the first quarter worth approximately $29,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in Chubb during the fourth quarter worth $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction that occurred 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 in the company, valued at $12,199,649.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Chubb news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction on 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 transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 6,599 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $287.06, for a total value of $1,894,308.94. Following the sale, the executive vice president now owns 84,101 shares in the company, valued at $24,142,033.06. The disclosure for this sale can be found here. Insiders have sold 33,981 shares of company stock worth $9,504,054 over the last quarter. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada boosted their target price on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Finally, Bank of America boosted their price objective on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $274.70.

Chubb Stock Performance

NYSE CB traded up $0.17 during trading hours on Friday, reaching $287.50. The stock had a trading volume of 1,722,890 shares, compared to its average volume of 1,613,882. Chubb Limited has a 52-week low of $202.55 and a 52-week high of $293.13. The stock has a fifty day moving average of $268.91 and a 200 day moving average of $260.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $116.74 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.92 EPS. Sell-side analysts predict that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. Chubb’s dividend payout ratio (DPR) is presently 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.