3,729 Shares in Chubb Limited (NYSE:CB) Acquired by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC bought a new position in Chubb Limited (NYSE:CB) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,729 shares of the financial services provider’s stock, valued at approximately $966,000.

A number of other hedge funds also recently added to or reduced their stakes in CB. Ables Iannone Moore & Associates Inc. purchased a new position in Chubb in the fourth quarter valued at about $29,000. Wellington Shields Capital Management LLC bought a new position in shares of Chubb during the 1st quarter worth approximately $29,000. Tennessee Valley Asset Management Partners purchased a new stake in Chubb during the fourth quarter valued at approximately $32,000. Northwest Financial Advisors purchased a new position in Chubb in the fourth quarter worth $33,000. Finally, Naples Money Management LLC acquired a new position in shares of Chubb during the fourth quarter worth $34,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 0.0 %

Shares of NYSE:CB traded up $0.13 during midday trading on Wednesday, hitting $276.79. 465,407 shares of the company’s stock traded hands, compared to its average volume of 1,639,228. Chubb Limited has a twelve month low of $198.10 and a twelve month high of $277.91. The company has a market cap of $111.80 billion, a PE ratio of 12.28, a P/E/G ratio of 5.20 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.36. The firm’s fifty day moving average price is $262.41 and its two-hundred day moving average price is $254.47.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. Chubb’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $4.92 earnings per share. On average, equities research analysts anticipate that Chubb Limited will post 21.15 EPS for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a $0.91 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. Chubb’s payout ratio is 16.16%.

Insider Buying and Selling at Chubb

In other news, Director Michael G. Atieh sold 716 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $260.98, for a total value of $626,352.00. Following the completion of the transaction, the executive vice president now directly owns 44,632 shares in the company, valued at $11,648,059.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the sale, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. HSBC reissued a “hold” rating and issued a $270.00 price target (down from $275.00) on shares of Chubb in a research note on Thursday, April 4th. StockNews.com cut Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price objective on Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, Morgan Stanley lowered their target price on Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $270.79.

About Chubb

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.