Mid Atlantic Financial Management Inc. ADV Sells 102 Shares of Chubb Ltd (NYSE:CB)

Mid Atlantic Financial Management Inc. ADV lessened its position in Chubb Ltd (NYSE:CB) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,265 shares of the financial services provider’s stock after selling 102 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Chubb were worth $1,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. WCM Investment Management LLC raised its holdings in Chubb by 3.5% in the 2nd quarter. WCM Investment Management LLC now owns 14,532,774 shares of the financial services provider’s stock worth $2,140,532,000 after acquiring an additional 493,424 shares during the period. FMR LLC raised its holdings in Chubb by 0.6% in the 1st quarter. FMR LLC now owns 11,889,654 shares of the financial services provider’s stock worth $1,665,503,000 after acquiring an additional 74,295 shares during the period. JPMorgan Chase & Co. raised its holdings in Chubb by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 6,205,421 shares of the financial services provider’s stock worth $869,256,000 after acquiring an additional 203,528 shares during the period. Geode Capital Management LLC raised its holdings in 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 worth $726,121,000 after acquiring an additional 383,344 shares during the period. Finally, Northern Trust Corp raised its holdings in Chubb by 1.1% in the 1st quarter. Northern Trust Corp now owns 5,376,229 shares of the financial services provider’s stock worth $753,101,000 after acquiring an additional 56,907 shares during the period. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Several research analysts recently commented on CB shares. JMP Securities reiterated an “outperform” rating on shares of Chubb in a report on Thursday, July 25th. Atlantic Securities downgraded shares of Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 target price on the stock. in a report on Thursday, June 20th. Wells Fargo & Co boosted their price objective on shares of Chubb from $157.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Raymond James restated a “strong-buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Chubb in a report on Friday, July 5th. Finally, ValuEngine downgraded shares of Chubb from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $153.00.

In related news, insider John J. Lupica sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $158.15, for a total value of $948,900.00. Following the sale, the insider now owns 168,037 shares of the company’s stock, valued at $26,575,051.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Juan C. Andrade sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $145.22, for a total transaction of $726,100.00. Following the completion of the sale, the insider now directly owns 113,479 shares in the company, valued at approximately $16,479,420.38. The disclosure for this sale can be found here. In the last three months, insiders sold 345,421 shares of company stock worth $51,485,939. 0.47% of the stock is currently owned by insiders.

Shares of NYSE:CB traded down $2.00 on Friday, hitting $153.22. 1,303,990 shares of the company were exchanged, compared to its average volume of 1,788,675. The company’s 50 day moving average price is $152.30 and its two-hundred day moving average price is $143.72. Chubb Ltd has a one year low of $119.54 and a one year high of $160.23. 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 $70.62 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.49 and a beta of 0.72.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the previous year, the firm posted $2.68 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. Research analysts predict that Chubb Ltd will post 10.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a $0.75 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.00 dividend on an annualized basis and a yield of 1.96%. Chubb’s payout ratio is currently 31.78%.

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.

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