Moors & Cabot Inc. Buys 378 Shares of Chubb Limited (NYSE:CB)

Moors & Cabot Inc. grew its position in shares of Chubb Limited (NYSE:CB) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,980 shares of the financial services provider’s stock after buying an additional 378 shares during the quarter. Moors & Cabot Inc.’s holdings in Chubb were worth $2,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Gryphon Financial Partners LLC bought a new stake in Chubb during the fourth quarter valued at approximately $597,000. Gladstone Institutional Advisory LLC grew its position in shares of Chubb by 159.5% during the 4th 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. increased its stake in shares of Chubb by 25.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 5,329 shares of the financial services provider’s stock worth $1,204,000 after purchasing an additional 1,093 shares in the last quarter. Sachetta LLC bought a new position in Chubb in the 4th quarter worth $40,000. Finally, Corient Private Wealth LLC lifted its position in Chubb by 11.5% during the fourth quarter. Corient Private Wealth LLC now owns 594,574 shares of the financial services provider’s stock valued at $134,374,000 after purchasing an additional 61,129 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction 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 owns 45,853 shares in the company, valued at approximately $12,199,649.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Peter C. Enns sold 8,200 shares of the company’s 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,836 shares of company stock worth $27,055,900. 0.86% of the stock is currently owned by company insiders.

Chubb Trading Down 0.2 %

Shares of CB opened at $290.78 on Wednesday. The stock has a market capitalization of $118.07 billion, a PE ratio of 12.91, a P/E/G ratio of 5.59 and a beta of 0.66. The company’s fifty day moving average is $273.91 and its 200 day moving average is $262.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a fifty-two week low of $204.15 and a fifty-two week high of $294.18.

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

Chubb Announces Dividend

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 paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s payout ratio is 16.16%.

Analyst Ratings Changes

A number of analysts have commented on CB shares. JPMorgan Chase & Co. upped their price target on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Bank of America raised their target price 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. JMP Securities upped their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Barclays assumed coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $274.70.

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.