Weil Company Inc. Buys 78 Shares of Chubb Limited (NYSE:CB)

Weil Company Inc. increased its stake in Chubb Limited (NYSE:CB) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,264 shares of the financial services provider’s stock after purchasing an additional 78 shares during the quarter. Chubb makes up approximately 1.3% of Weil Company Inc.’s portfolio, making the stock its 20th biggest holding. Weil Company Inc.’s holdings in Chubb were worth $3,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CB. Norges Bank bought a new stake in shares of Chubb in the fourth quarter valued at approximately $957,756,000. Capital Research Global Investors raised its holdings in Chubb by 44.4% during the 1st quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after acquiring an additional 2,064,730 shares during the period. Capital World Investors raised its holdings in Chubb by 6.6% during the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock valued at $2,849,677,000 after acquiring an additional 685,677 shares during the period. Confluence Investment Management LLC purchased a new stake in shares of Chubb during the first quarter worth $165,932,000. Finally, Bank of Nova Scotia boosted its holdings in shares of Chubb by 198.8% in the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock worth $176,126,000 after acquiring an additional 518,535 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 0.1 %

CB stock opened at $287.54 on Friday. The company has a market capitalization of $116.76 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 5.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Chubb Limited has a one year low of $202.55 and a one year high of $293.13. The company’s 50 day moving average price is $268.91 and its two-hundred day moving average price is $260.69.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter last year, the company earned $4.92 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, analysts predict that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CB shares. Barclays initiated coverage on Chubb in a research note on Wednesday. They set an “overweight” rating and a $349.00 price objective on the stock. Morgan Stanley lowered their price target on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Bank of America raised their price objective on shares of Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $274.70.

Insider Activity at Chubb

In other news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total value of $2,181,692.00. Following the transaction, the executive vice president now owns 45,853 shares in the company, valued at $12,199,649.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The disclosure for this sale can be found here. Insiders sold 33,981 shares of company stock worth $9,504,054 in the last ninety days. 0.86% of the stock is owned by company 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.