Shine Investment Advisory Services Inc. lowered its position in Chubb Ltd (NYSE:CB) by 11.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,265 shares of the financial services provider’s stock after selling 170 shares during the period. Shine Investment Advisory Services Inc.’s holdings in Chubb were worth $186,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Securities Inc. boosted its position in shares of Chubb by 45.3% during the 4th quarter. Comerica Securities Inc. now owns 7,343 shares of the financial services provider’s stock valued at $953,000 after acquiring an additional 2,290 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chubb by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,095,870 shares of the financial services provider’s stock valued at $270,734,000 after acquiring an additional 21,037 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Chubb by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 5,631,484 shares of the financial services provider’s stock valued at $726,121,000 after acquiring an additional 383,344 shares in the last quarter. Legacy Advisors LLC acquired a new stake in shares of Chubb during the 1st quarter valued at about $36,000. Finally, Sageworth Trust Co acquired a new stake in shares of Chubb during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.
Shares of CB stock traded up $0.44 during trading hours on Tuesday, reaching $148.93. 31,701 shares of the company were exchanged, compared to its average volume of 1,486,709. Chubb Ltd has a fifty-two week low of $119.54 and a fifty-two week high of $154.26. The business has a fifty day moving average price of $149.78. The firm has a market cap of $67.76 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 0.32.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 21st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, June 20th. Chubb’s payout ratio is 31.78%.
Several brokerages have recently weighed in on CB. Wells Fargo & Co lifted their target price on shares of Chubb from $157.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. JMP Securities reiterated an “outperform” rating on shares of Chubb in a research report on Thursday, July 25th. Compass Point lowered shares of Chubb from a “buy” rating to a “neutral” rating and decreased their target price for the company from $165.00 to $156.00 in a research report on Wednesday, May 29th. They noted that the move was a valuation call. UBS Group lifted their target price on shares of Chubb from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $150.55.
In related news, EVP Timothy Alan Boroughs sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $148.64, for a total transaction of $3,716,000.00. Following the completion of the sale, the executive vice president now directly owns 171,315 shares of the company’s stock, valued at $25,464,261.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 215,648 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $148.84, for a total transaction of $32,097,048.32. Following the sale, the chief executive officer now directly owns 1,002,730 shares of the company’s stock, valued at $149,246,333.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,821 shares of company stock valued at $50,608,027. 0.47% of the stock is currently owned by insiders.
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.
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