Commerzbank Aktiengesellschaft FI Buys New Position in Chubb Limited $CB

Commerzbank Aktiengesellschaft FI purchased a new stake in Chubb Limited (NYSE:CB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,069 shares of the financial services provider’s stock, valued at approximately $3,431,000.

Several other institutional investors have also added to or reduced their stakes in CB. Janney Montgomery Scott LLC lifted its holdings in shares of Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after purchasing an additional 5,225 shares during the period. waypoint wealth counsel increased its holdings in Chubb by 76.4% in the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 1,784 shares during the period. National Pension Service raised its position in Chubb by 24.4% during the 4th quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock worth $358,462,000 after buying an additional 225,515 shares during the last quarter. Harbour Investments Inc. raised its position in Chubb by 884.1% during the 4th quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock worth $3,108,000 after buying an additional 8,947 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Chubb by 16.8% during the 1st quarter. Bessemer Group Inc. now owns 16,639 shares of the financial services provider’s stock worth $5,424,000 after buying an additional 2,389 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.7%

Chubb stock opened at $341.24 on Tuesday. 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 Limited has a 12 month low of $265.30 and a 12 month high of $365.91. The stock’s 50 day simple moving average is $344.69 and its two-hundred day simple moving average is $332.47. The firm has a market cap of $131.65 billion, a PE ratio of 12.07, a P/E/G ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion for 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 business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $6.14 EPS. Analysts anticipate that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the company’s 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. This represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 23,000 shares of the 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 sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on CB shares. BMO Capital Markets upped their price objective on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Citizens Jmp reissued a “market outperform” rating and set a $400.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Morgan Stanley boosted their target price on shares of Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Evercore reaffirmed an “outperform” rating and issued a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $360.09.

Chubb Company 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.