5,464 Shares in Chubb Limited $CB Acquired by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 5,464 shares of the financial services provider’s stock, valued at approximately $1,862,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Chubb in the 2nd quarter valued at $25,000. Dunhill Financial LLC purchased a new stake in Chubb in the 2nd quarter valued at about $25,000. CBIZ Investment Advisory Services LLC raised its holdings 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 buying an additional 49 shares during the period. Frazier Financial Advisors LLC lifted its position in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Chubb in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of several research analyst reports. Atlantic Securities set a $301.00 target price on shares of Chubb in a research note on Wednesday, July 15th. Barclays set a $387.00 price objective on shares of Chubb in a report on Tuesday, July 7th. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Wells Fargo & Company lowered their price objective on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $360.09.

Chubb Stock Down 0.7%

Shares of NYSE:CB opened at $341.24 on Tuesday. The firm has a market capitalization 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 Limited has a 1 year low of $265.30 and a 1 year high of $365.91. 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 firm’s 50-day moving average is $344.69 and its two-hundred day moving average is $332.47.

Chubb (NYSE:CB) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $6.14 earnings per share. Analysts predict that Chubb Limited will post 27.45 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared 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. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

About Chubb

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.