Callahan Advisors LLC Decreases Position in Chubb Corp. (CB)
Callahan Advisors LLC decreased its stake in shares of Chubb Corp. (NYSE:CB) by 0.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,415 shares of the company’s stock after selling 169 shares during the period. Chubb Corp. makes up approximately 1.8% of Callahan Advisors LLC’s holdings, making the stock its 24th largest position. Callahan Advisors LLC’s holdings in Chubb Corp. were worth $7,340,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Moors & Cabot Inc. boosted its stake in shares of Chubb Corp. by 0.3% in the second quarter. Moors & Cabot Inc. now owns 6,513 shares of the company’s stock valued at $856,000 after buying an additional 17 shares in the last quarter. Hanson McClain Inc. boosted its stake in shares of Chubb Corp. by 1.5% in the second quarter. Hanson McClain Inc. now owns 1,472 shares of the company’s stock valued at $192,000 after buying an additional 22 shares in the last quarter. Boston Family Office LLC boosted its stake in shares of Chubb Corp. by 0.3% in the second quarter. Boston Family Office LLC now owns 9,362 shares of the company’s stock valued at $1,224,000 after buying an additional 25 shares in the last quarter. Athena Capital Advisors LLC boosted its stake in shares of Chubb Corp. by 0.6% in the second quarter. Athena Capital Advisors LLC now owns 4,693 shares of the company’s stock valued at $613,000 after buying an additional 26 shares in the last quarter. Finally, Motco boosted its stake in shares of Chubb Corp. by 3.5% in the second quarter. Motco now owns 915 shares of the company’s stock valued at $120,000 after buying an additional 31 shares in the last quarter. 85.22% of the stock is owned by institutional investors.
Chubb Corp. (NYSE:CB) traded down 0.46% on Wednesday, hitting $127.65. 1,117,944 shares of the company were exchanged. Chubb Corp. has a 52-week low of $106.82 and a 52-week high of $131.00. The firm has a 50 day moving average of $125.41 and a 200-day moving average of $126.15. The stock has a market cap of $59.40 billion, a PE ratio of 17.10 and a beta of 0.86.
Chubb Corp. (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.30. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.36 billion. Chubb Corp. had a net margin of 11.20% and a return on equity of 9.88%. Chubb Corp.’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 earnings per share. On average, equities analysts expect that Chubb Corp. will post $9.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, December 30th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.15%. Chubb Corp.’s dividend payout ratio (DPR) is 36.90%.
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Several equities analysts have weighed in on CB shares. Zacks Investment Research lowered shares of Chubb Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Barclays PLC upped their price objective on shares of Chubb Corp. from $133.00 to $139.00 and gave the stock an “overweight” rating in a report on Friday, September 30th. Credit Suisse Group AG set a $136.00 price objective on shares of Chubb Corp. and gave the stock a “buy” rating in a report on Monday, September 12th. Finally, William Blair lowered shares of Chubb Corp. from a “market perform” rating to an “underperform” rating in a report on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Chubb Corp. has a consensus rating of “Buy” and an average price target of $133.53.
In other news, EVP Sean Ringsted sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the transaction, the executive vice president now directly owns 150,192 shares of the company’s stock, valued at $18,999,288. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David H. Sidwell bought 830 shares of Chubb Corp. stock in a transaction dated Monday, September 26th. The shares were purchased at an average cost of $124.90 per share, for a total transaction of $103,667.00. Following the completion of the transaction, the director now owns 7,386 shares of the company’s stock, valued at approximately $922,511.40. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.
Chubb Corp. Company Profile
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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