Gofen & Glossberg LLC IL boosted its position in Chubb Ltd (NYSE:CB) by 8.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 70,100 shares of the financial services provider’s stock after acquiring an additional 5,277 shares during the period. Gofen & Glossberg LLC IL’s holdings in Chubb were worth $8,904,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Clarus Wealth Advisors bought a new stake in Chubb in the 2nd quarter valued at about $113,000. Bedel Financial Consulting Inc. bought a new stake in Chubb in the 1st quarter valued at about $128,000. Fairfield Bush & CO. bought a new stake in Chubb in the 1st quarter valued at about $137,000. Adviser Investments LLC bought a new stake in Chubb in the 1st quarter valued at about $140,000. Finally, Institutional & Family Asset Management LLC bought a new stake in Chubb in the 1st quarter valued at about $173,000. Institutional investors and hedge funds own 90.21% of the company’s stock.
Chubb opened at $131.85 on Thursday, MarketBeat reports. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $62.19 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.28 and a beta of 1.01. Chubb Ltd has a 1-year low of $123.96 and a 1-year high of $157.50.
Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.08. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Chubb had a net margin of 11.73% and a return on equity of 7.29%. Chubb’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 earnings per share. sell-side analysts predict that Chubb Ltd will post 10.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 22nd will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 2.21%. This is a boost from Chubb’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, June 21st. Chubb’s dividend payout ratio is 36.36%.
A number of equities research analysts recently issued reports on CB shares. ValuEngine cut Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, May 29th. Wells Fargo & Co set a $169.00 price target on Chubb and gave the company a “buy” rating in a research report on Tuesday, April 24th. Citigroup decreased their price target on Chubb from $162.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 10th. Goldman Sachs Group cut Chubb from a “buy” rating to a “neutral” rating and set a $167.00 price target on the stock. in a research report on Monday, June 18th. Finally, Zacks Investment Research upgraded Chubb from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $161.75.
In related news, Director Michael G. Atieh sold 920 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $130.86, for a total value of $120,391.20. Following the transaction, the director now directly owns 40,561 shares in the company, valued at $5,307,812.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 135 shares of company stock worth $19,612. 0.44% of the stock is owned by company insiders.
Chubb Company Profile
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.
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