Chubb Ltd (NYSE:CB) Shares Acquired by Wintrust Investments LLC

Wintrust Investments LLC increased its position in Chubb Ltd (NYSE:CB) by 107.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,407 shares of the financial services provider’s stock after acquiring an additional 1,765 shares during the period. Wintrust Investments LLC’s holdings in Chubb were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CB. WCM Investment Management LLC increased its stake in Chubb by 100.6% during 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 buying an additional 7,040,520 shares during the period. California Public Employees Retirement System increased its stake in Chubb by 18.0% during 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 buying an additional 412,064 shares during the period. Thoroughbred Financial Services LLC increased its stake in Chubb by 15,106.3% during 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 buying an additional 395,182 shares during the period. Geode Capital Management LLC increased its stake in 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 buying an additional 383,344 shares during the period. Finally, Jennison Associates LLC increased its stake in Chubb by 39.0% during 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 buying an additional 353,295 shares during the period. 89.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CB stock traded down $0.07 during trading on Wednesday, hitting $154.61. 22,506 shares of the company were exchanged, compared to its average volume of 1,887,470. 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 has a market capitalization of $70.50 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.49 and a beta of 0.72. The business’s 50-day simple moving average is $151.98 and its 200 day simple moving average is $143.41. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $160.23.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $2.58 by $0.02. The business had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $2.68 earnings per share. On average, equities analysts forecast that Chubb Ltd will post 10.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, September 19th. Chubb’s dividend payout ratio is currently 31.78%.

CB has been the topic of several recent research reports. Atlantic Securities cut shares of Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price objective on the stock. in a research note on Thursday, June 20th. Morgan Stanley lifted their price objective on shares of Chubb from $154.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Compass Point cut shares of Chubb from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $165.00 to $156.00 in a research note on Wednesday, May 29th. They noted that the move was a valuation call. UBS Group lifted their price objective on shares of Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, ValuEngine cut shares of Chubb from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $153.00.

In related news, insider John J. Lupica sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $146.37, for a total transaction of $1,522,248.00. Following the completion of the sale, the insider now directly owns 174,037 shares in the company, valued at $25,473,795.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $148.64, for a total transaction of $3,716,000.00. Following the sale, the executive vice president now owns 171,315 shares of the company’s stock, valued at $25,464,261.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 355,821 shares of company stock valued at $53,008,187. 0.47% of the stock is currently owned by corporate insiders.

Chubb 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.

Read More: What is Cost of Goods Sold (COGS)?

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).

Institutional Ownership by Quarter for Chubb (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.