United Capital Management of KS Inc. Grows Position in Chubb Ltd (NYSE:CB)

United Capital Management of KS Inc. boosted its stake in shares of Chubb Ltd (NYSE:CB) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,805 shares of the financial services provider’s stock after purchasing an additional 150 shares during the period. United Capital Management of KS Inc.’s holdings in Chubb were worth $562,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. WCM Investment Management LLC boosted its holdings in shares of Chubb by 100.6% in the 1st quarter. WCM Investment Management LLC now owns 14,039,350 shares of the financial services provider’s stock valued at $1,966,632,000 after acquiring an additional 7,040,520 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Chubb by 18.0% in the 1st quarter. California Public Employees Retirement System now owns 2,697,234 shares of the financial services provider’s stock valued at $377,829,000 after acquiring an additional 412,064 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Chubb by 15,106.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 397,798 shares of the financial services provider’s stock valued at $39,780,000 after acquiring an additional 395,182 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chubb by 7.3% in 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 during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Chubb by 39.0% in the 1st quarter. Jennison Associates LLC now owns 1,259,662 shares of the financial services provider’s stock valued at $176,453,000 after acquiring an additional 353,295 shares during the last quarter. 89.02% of the stock is currently owned by institutional investors.

Shares of CB traded up $1.39 during mid-day trading on Tuesday, reaching $149.88. The stock had a trading volume of 785,058 shares, compared to its average volume of 1,486,709. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 0.32. Chubb Ltd has a 52-week low of $119.54 and a 52-week high of $154.26. The company has a fifty day moving average of $149.78. The stock has a market capitalization of $67.76 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the prior year, the firm posted $2.68 earnings per share. Chubb’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts forecast that Chubb Ltd will post 10.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 21st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, June 20th. This is a positive change from Chubb’s previous quarterly dividend of $0.73. Chubb’s dividend payout ratio (DPR) is 31.78%.

CB has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Atlantic Securities downgraded shares of Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price target on the stock. in a report on Thursday, June 20th. Raymond James reissued a “strong-buy” rating and set a $160.00 price target (up from $150.00) on shares of Chubb in a report on Friday, July 5th. Compass Point downgraded shares of Chubb from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $165.00 to $156.00 in a report on Wednesday, May 29th. They noted that the move was a valuation call. Finally, Barclays increased their price target on shares of Chubb from $160.00 to $167.00 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $150.55.

In other Chubb news, CAO Paul Bennett Medini sold 2,750 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $145.52, for a total transaction of $400,180.00. Following the completion of the transaction, the chief accounting officer now owns 91,659 shares of the company’s stock, valued at $13,338,217.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael G. Atieh sold 2,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $141.87, for a total transaction of $283,740.00. The disclosure for this sale can be found here. In the last ninety days, 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 Company Profile

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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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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