Chubb Limited $CB Position Increased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Chubb Limited (NYSE:CB) by 12.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,439 shares of the financial services provider’s stock after acquiring an additional 1,618 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chubb were worth $4,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peoples Bank KS purchased a new stake in shares of Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Chubb during the first quarter worth $25,000. North Capital Inc. purchased a new stake in shares of Chubb during the first quarter worth $26,000. IMA Advisory Services Inc. purchased a new stake in shares of Chubb during the first quarter worth $31,000. Finally, 1248 Management LLC purchased a new stake in shares of Chubb during the first quarter worth $31,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the sale, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CB shares. Barclays downgraded shares of Chubb from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Wells Fargo & Company lowered their target price on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Morgan Stanley lowered their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. UBS Group lowered their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average price target of $302.00.

Chubb Trading Down 1.7%

Shares of NYSE:CB opened at $278.02 on Friday. The company has a market cap of $110.84 billion, a P/E ratio of 12.26, a P/E/G ratio of 3.19 and a beta of 0.56. The stock’s 50-day moving average is $274.38 and its 200-day moving average is $283.40. 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.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

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.