Comprehensive Financial Consultants Institutional Inc. Cuts Stock Position in Chubb Limited $CB

Comprehensive Financial Consultants Institutional Inc. lowered its position in Chubb Limited (NYSE:CB) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 16,246 shares of the financial services provider’s stock after selling 227 shares during the quarter. Chubb comprises approximately 1.5% of Comprehensive Financial Consultants Institutional Inc.’s investment portfolio, making the stock its 12th largest holding. Comprehensive Financial Consultants Institutional Inc.’s holdings in Chubb were worth $4,707,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Modern Wealth Management LLC raised its position in Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 143 shares during the period. Jump Financial LLC grew its holdings in shares of Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after purchasing an additional 7,065 shares during the period. Legato Capital Management LLC boosted its stake in Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after buying an additional 5,582 shares during the period. Davis Rea LTD. purchased a new position in Chubb during the first quarter worth about $5,117,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Chubb by 3.3% during the first quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider’s stock worth $13,070,000 after purchasing an additional 1,375 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.9%

Shares of NYSE:CB opened at $283.99 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a 50 day moving average of $274.76 and a two-hundred day moving average of $282.06. The company has a market capitalization of $113.22 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter last year, the company earned $5.38 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s payout ratio is 17.12%.

Analysts Set New Price Targets

CB has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Citigroup assumed coverage on shares of Chubb in a report on Wednesday, August 13th. They set a “buy” rating and a $326.00 price objective on the stock. Barclays cut shares of Chubb from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $321.00 to $298.00 in a report on Monday, July 7th. Morgan Stanley lowered their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Finally, Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus price target of $303.24.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.