One Capital Management LLC Raises Stock Holdings in Chubb Limited (NYSE:CB)

One Capital Management LLC boosted its holdings in Chubb Limited (NYSE:CB) by 306.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,161 shares of the financial services provider’s stock after buying an additional 3,892 shares during the quarter. One Capital Management LLC’s holdings in Chubb were worth $1,316,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in shares of Chubb during the 1st quarter valued at about $25,000. Beacon Capital Management LLC grew its stake in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC bought a new stake in shares of Chubb during the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb during the 2nd quarter valued at about $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The shares were 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 in the company, valued at approximately $167,748,829.50. The disclosure for this sale can be found here. Insiders have sold 94,836 shares of company stock valued at $27,055,900 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CB shares. Barclays started coverage on Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Morgan Stanley cut their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada boosted their price objective on Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $274.70.

Chubb Stock Up 0.8 %

Shares of CB opened at $291.32 on Tuesday. The stock has a market capitalization of $118.29 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. Chubb Limited has a 1 year low of $204.15 and a 1 year high of $294.18. The business’s 50 day simple moving average is $273.16 and its 200-day simple moving average is $262.30. 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 (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company’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. As a group, equities analysts expect that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company 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 dividend of $0.91 per share. 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 dividend payout ratio (DPR) is 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.