Dimensional Fund Advisors LP Boosts Stock Position in Chubb Limited (NYSE:CB)

Dimensional Fund Advisors LP boosted its holdings in shares of Chubb Limited (NYSE:CB) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 2,297,706 shares of the financial services provider’s stock after acquiring an additional 160,335 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Chubb were worth $586,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Beacon Capital Management LLC increased its stake in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Pathway Financial Advisers LLC bought a new stake in Chubb in the first quarter valued at $25,000. Chilton Capital Management LLC bought a new position in Chubb in the 2nd quarter worth $26,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Chubb in the 1st quarter worth about $29,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Royal Bank of Canada raised their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Barclays started coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. One 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $274.70.

Chubb Trading Up 0.1 %

Chubb stock opened at $288.87 on Monday. The business has a 50-day simple moving average of $272.40 and a two-hundred day simple moving average of $262.03. Chubb Limited has a 52-week low of $204.15 and a 52-week high of $294.18. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company has a market cap of $116.68 billion, a P/E ratio of 12.82, a P/E/G ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.92 earnings per share. Analysts predict that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

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

Insider Buying and Selling at Chubb

In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the business’s 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 sale, 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 Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction dated Thursday, June 20th. The shares were 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 approximately $12,199,649.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the completion of the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,836 shares of company stock valued at $27,055,900. Company insiders own 0.86% of the company’s stock.

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.