Vanguard Personalized Indexing Management LLC Increases Position in Chubb Limited (NYSE:CB)

Vanguard Personalized Indexing Management LLC raised its position in Chubb Limited (NYSE:CB) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,974 shares of the financial services provider’s stock after purchasing an additional 5,028 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Chubb were worth $9,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Chubb in the 2nd quarter valued at approximately $963,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Chubb by 16.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after purchasing an additional 10,745 shares during the period. Edgestream Partners L.P. acquired a new stake in Chubb during the 1st quarter worth $984,000. Sierra Summit Advisors LLC acquired a new stake in Chubb during the 4th quarter worth $844,000. Finally, Leuthold Group LLC acquired a new stake in Chubb during the 1st quarter worth $3,033,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

NYSE:CB opened at $290.78 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $273.91 and a two-hundred day moving average price of $262.59. Chubb Limited has a twelve month low of $204.15 and a twelve month high of $294.18. The company has a market capitalization of $118.07 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66.

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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the firm posted $4.92 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts expect that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid 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 is currently 16.16%.

Insiders Place Their Bets

In other Chubb news, EVP Peter C. Enns sold 8,200 shares of the firm’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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction that occurred 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 directly owns 583,982 shares of the company’s stock, valued at $167,748,829.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of the firm’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 completion of the sale, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. 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. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CB shares. Bank of America increased their price target 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. Barclays started coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target for the company. Roth Mkm increased their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JMP Securities raised their target price on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $274.70.

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.