Budros Ruhlin & Roe Inc. bought a new stake in shares of Chubb Ltd (NYSE:CB) in the first quarter, HoldingsChannel reports. The fund bought 6,775 shares of the financial services provider’s stock, valued at approximately $949,000.
Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Chubb by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,737,036 shares of the financial services provider’s stock worth $900,339,000 after buying an additional 63,629 shares during the period. BlueMountain Capital Management LLC bought a new stake in shares of Chubb during the 3rd quarter valued at about $219,000. Mackenzie Financial Corp boosted its stake in shares of Chubb by 24.3% during the 3rd quarter. Mackenzie Financial Corp now owns 5,177 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 1,013 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Chubb by 1.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,854,279 shares of the financial services provider’s stock valued at $381,446,000 after purchasing an additional 30,568 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of Chubb during the 3rd quarter valued at about $567,123,000. 88.74% of the stock is owned by hedge funds and other institutional investors.
NYSE:CB opened at $142.98 on Friday. Chubb Ltd has a one year low of $119.54 and a one year high of $143.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $65.52 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.32 and a beta of 0.82.
The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 22nd were issued a $0.73 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $2.92 annualized dividend and a yield of 2.04%. Chubb’s dividend payout ratio (DPR) is presently 30.93%.
Several equities research analysts recently commented on CB shares. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Sandler O’Neill lowered shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Compass Point started coverage on shares of Chubb in a research note on Tuesday, January 15th. They set a “buy” rating and a $165.00 price objective on the stock. Credit Suisse Group lowered shares of Chubb from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $141.00 to $131.00 in a research note on Wednesday, February 27th. Finally, Deutsche Bank dropped their price objective on shares of Chubb from $123.00 to $121.00 and set a “sell” rating on the stock in a research note on Monday, January 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $151.33.
In other Chubb news, insider John J. Lupica sold 17,879 shares of Chubb stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total value of $2,412,771.05. Following the completion of the transaction, the insider now directly owns 192,265 shares of the company’s stock, valued at $25,946,161.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Bennett Medini sold 2,437 shares of Chubb stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $133.94, for a total transaction of $326,411.78. Following the completion of the transaction, the insider now directly owns 95,101 shares of the company’s stock, valued at $12,737,827.94. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION WARNING: “Budros Ruhlin & Roe Inc. Buys Shares of 6,775 Chubb Ltd (CB)” was posted by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.baseballdailydigest.com/news/2019/04/27/budros-ruhlin-roe-inc-buys-shares-of-6775-chubb-ltd-cb.html.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
Read More: What are economic reports?
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Ltd (NYSE:CB).
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.