Callan Family Office LLC Invests $4.29 Million in Chubb Limited $CB

Callan Family Office LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,584 shares of the financial services provider’s stock, valued at approximately $4,288,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Expressive Wealth LLC purchased a new position in shares of Chubb in the second quarter valued at approximately $645,000. Blue Capital Inc. purchased a new stake in shares of Chubb during the second quarter worth approximately $208,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Chubb during the second quarter worth approximately $104,000. OneAscent Investment Solutions LLC acquired a new position in Chubb in the 2nd quarter valued at $308,000. Finally, Patron Partners LLC acquired a new position in Chubb in the 2nd quarter valued at $544,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 0.5%

Shares of NYSE CB opened at $341.15 on Friday. The company has a market capitalization of $131.62 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The company has a 50 day simple moving average of $345.88 and a 200-day simple moving average of $333.31. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.14 EPS. On average, equities research analysts predict that Chubb Limited will post 27.49 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio is presently 14.43%.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several recent research reports. UBS Group lifted their target price on shares of Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Mizuho increased their price objective on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. The Goldman Sachs Group raised their target price on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods boosted their target price on Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $361.00.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.