12,584 Shares in Chubb Limited $CB Purchased by Callan Family Office LLC

Callan Family Office LLC bought a new stake in shares of Chubb Limited (NYSE:CB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,584 shares of the financial services provider’s stock, valued at approximately $4,288,000.

Several other institutional investors also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC lifted its position in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 31 shares in the last quarter. Phillips Wealth Planners LLC increased its stake in Chubb by 1.8% during the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after buying an additional 31 shares during the period. Hoxton Planning & Management LLC lifted its holdings in Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after buying an additional 31 shares in the last quarter. South Plains Financial Inc. boosted its position in Chubb by 2.2% in the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock valued at $500,000 after buying an additional 34 shares during the period. Finally, Stock Yards Bank & Trust Co. grew its stake in shares of Chubb by 0.8% in the first quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after acquiring an additional 34 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CB. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $354.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Cantor Fitzgerald boosted their target price on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 29th. Morgan Stanley upped their price target on Chubb from $340.00 to $360.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Mizuho increased their price target on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $361.00.

Chubb Trading Down 0.5%

Shares of NYSE:CB opened at $341.15 on Friday. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91. The company’s 50 day moving average is $345.88 and its two-hundred day moving average is $333.31. The company has a market cap of $131.62 billion, a PE ratio of 12.07, a P/E/G ratio of 1.66 and a beta of 0.39. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $6.14 EPS. Equities analysts predict that Chubb Limited will post 27.49 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s payout ratio is 14.43%.

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.