Argyle Capital Management LLC Sells 246 Shares of Chubb Limited $CB

Argyle Capital Management LLC decreased its position in Chubb Limited (NYSE:CB) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,998 shares of the financial services provider’s stock after selling 246 shares during the quarter. Argyle Capital Management LLC’s holdings in Chubb were worth $2,897,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CB. Opal Wealth Advisors LLC bought a new position in shares of Chubb in the first quarter valued at approximately $25,000. North Capital Inc. bought a new position in Chubb during the first quarter worth $26,000. IMA Advisory Services Inc. bought a new position in Chubb during the first quarter worth $31,000. 1248 Management LLC bought a new position in Chubb during the first quarter worth $31,000. Finally, WPG Advisers LLC bought a new position in Chubb during the first quarter worth $33,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a research report on Monday. Wells Fargo & Company boosted their target price on shares of Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Citigroup assumed coverage on shares of Chubb in a research report on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price on the stock. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Barclays boosted their price target on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $306.82.

Chubb Stock Down 1.0%

Shares of NYSE:CB opened at $284.13 on Friday. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The company’s fifty day moving average is $276.36 and its 200-day moving average is $282.07. The company has a market capitalization of $113.28 billion, a PE ratio of 12.53, a P/E/G ratio of 3.23 and a beta of 0.54.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the previous year, the company earned $5.38 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s payout ratio is currently 17.12%.

Insider Transactions at Chubb

In related news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.77% of the stock is currently owned by company insiders.

Chubb Company 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.