Chubb Limited $CB Shares Sold by Apexium Financial LP

Apexium Financial LP lowered its holdings in Chubb Limited (NYSE:CB) by 6.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,453 shares of the financial services provider’s stock after selling 165 shares during the period. Apexium Financial LP’s holdings in Chubb were worth $713,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Chubb in the first quarter valued at approximately $25,000. North Capital Inc. acquired a new position in Chubb during the 1st quarter worth approximately $26,000. IMA Advisory Services Inc. acquired a new position in Chubb during the 1st quarter worth approximately $31,000. 1248 Management LLC acquired a new position in Chubb during the 1st quarter worth approximately $31,000. Finally, WPG Advisers LLC acquired a new position in Chubb during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The stock was purchased 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 $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on CB. Evercore ISI boosted their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $303.24.

Chubb Stock Up 0.9%

Shares of NYSE:CB opened at $283.99 on Friday. The company has a market capitalization of $113.22 billion, a PE ratio of 12.53, a P/E/G ratio of 3.17 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The firm has a 50 day simple moving average of $274.76 and a 200-day simple moving average of $282.25.

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

Chubb Announces Dividend

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

Chubb 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.