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.
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 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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