Abbot Financial Management Inc. Buys 101 Shares of Chubb Limited (NYSE:CB)

Abbot Financial Management Inc. boosted its stake in Chubb Limited (NYSE:CB) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,342 shares of the financial services provider’s stock after acquiring an additional 101 shares during the period. Abbot Financial Management Inc.’s holdings in Chubb were worth $852,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CB. Gryphon Financial Partners LLC purchased a new stake in Chubb in the fourth quarter worth $597,000. Foundations Investment Advisors LLC purchased a new stake in shares of Chubb in the fourth quarter worth about $223,000. Gladstone Institutional Advisory LLC boosted its position in shares of Chubb by 159.5% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,361 shares of the financial services provider’s stock valued at $2,116,000 after acquiring an additional 5,753 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Chubb by 25.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,329 shares of the financial services provider’s stock valued at $1,204,000 after acquiring an additional 1,093 shares during the period. Finally, Balentine LLC grew its stake in Chubb by 8.1% during the fourth quarter. Balentine LLC now owns 5,614 shares of the financial services provider’s stock valued at $1,269,000 after acquiring an additional 423 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of Chubb stock opened at $291.32 on Tuesday. 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 stock has a market capitalization of $118.29 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The business’s 50 day simple moving average is $273.16 and its two-hundred day simple moving average is $262.30.

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

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. Chubb’s payout ratio is presently 16.16%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. 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. Roth Mkm upped their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Morgan Stanley dropped their price target on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price on the stock. One 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. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $274.70.

Insider Activity at Chubb

In other 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 value of $2,181,692.00. Following the sale, the executive vice president now directly owns 45,853 shares in the company, valued at approximately $12,199,649.18. The sale was disclosed in a filing with the SEC, which is available through this link. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was 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 directly owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold a total of 94,836 shares of company stock worth $27,055,900 in the last 90 days. Company insiders own 0.86% of the company’s stock.

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.