Prio Wealth Limited Partnership cut its holdings in Chubb Ltd (NYSE:CB) by 1.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,538 shares of the financial services provider’s stock after selling 1,039 shares during the period. Prio Wealth Limited Partnership’s holdings in Chubb were worth $8,070,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of CB. Clarus Wealth Advisors acquired a new stake in shares of Chubb in the second quarter valued at approximately $113,000. FNY Investment Advisers LLC bought a new position in shares of Chubb in the second quarter valued at $127,000. Bedel Financial Consulting Inc. bought a new position in shares of Chubb in the first quarter valued at $128,000. Edge Wealth Management LLC bought a new position in shares of Chubb in the second quarter valued at $133,000. Finally, Fairfield Bush & CO. bought a new position in shares of Chubb in the first quarter valued at $137,000. Institutional investors own 90.07% of the company’s stock.
Several equities analysts recently weighed in on the stock. ValuEngine cut shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th. Wells Fargo & Co reissued a “buy” rating on shares of Chubb in a research note on Wednesday. Citigroup decreased their target price on shares of Chubb from $157.00 to $151.00 and set a “buy” rating for the company in a research note on Thursday, July 12th. Zacks Investment Research raised shares of Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Goldman Sachs Group cut shares of Chubb from a “buy” rating to a “neutral” rating and set a $167.00 target price for the company. in a research note on Monday, June 18th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Chubb presently has a consensus rating of “Buy” and a consensus price target of $161.36.
Chubb opened at $135.89 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.31 and a quick ratio of 0.31. Chubb Ltd has a one year low of $123.96 and a one year high of $157.50. The firm has a market cap of $63.50 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.32 and a beta of 1.07.
Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.06. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The firm had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.30 billion. During the same period in the previous year, the business posted $2.50 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. sell-side analysts anticipate that Chubb Ltd will post 10.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 21st will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.15%. Chubb’s dividend payout ratio (DPR) is 36.36%.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
Further Reading: How to Track your Portfolio in Google Finance
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Ltd (NYSE:CB).
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.