Occidental Asset Management LLC Invests $4.32 Million in Chubb Limited $CB

Occidental Asset Management LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 12,665 shares of the financial services provider’s stock, valued at approximately $4,315,000.

Several other hedge funds also recently added to or reduced their stakes in CB. Dunhill Financial LLC bought a new stake in shares of Chubb during the 2nd quarter worth approximately $25,000. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 49 shares during the last quarter. Frazier Financial Advisors LLC grew its position in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in Chubb in the first quarter worth $29,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Chubb in the fourth quarter worth $31,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 0.7%

NYSE:CB opened at $341.24 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91. The company has a 50-day moving average of $344.69 and a 200 day moving average of $332.47. The firm has a market cap of $131.65 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $6.14 EPS. As a group, research analysts anticipate that Chubb Limited will post 27.45 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Insider Buying and Selling

In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Atlantic Securities set a $301.00 target price on shares of Chubb in a research note on Wednesday, July 15th. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Citizens Jmp reiterated a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Cantor Fitzgerald boosted their price objective on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $360.09.

Chubb Company 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.