Ieq Capital LLC Buys 7,269 Shares of Chubb Limited $CB

Ieq Capital LLC increased its stake in Chubb Limited (NYSE:CB) by 13.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,635 shares of the financial services provider’s stock after purchasing an additional 7,269 shares during the quarter. Ieq Capital LLC’s holdings in Chubb were worth $18,614,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the 4th quarter valued at $205,000. Bank Pictet & Cie Europe AG purchased a new stake in shares of Chubb in the fourth quarter worth $1,320,000. Susquehanna Fundamental Investments LLC bought a new stake in Chubb during the fourth quarter valued at $2,404,000. Finally, Aquatic Capital Management LLC bought a new position in Chubb in the 4th quarter worth about $456,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the stock in a transaction on 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 completion of the sale, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO John W. Keogh sold 9,794 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $292.99, for a total value of $2,869,544.06. Following the completion of the transaction, the chief operating officer owned 247,538 shares in the company, valued at $72,526,158.62. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.9%

CB opened at $271.99 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm’s 50 day simple moving average is $276.29 and its two-hundred day simple moving average is $282.62. The company has a market capitalization of $108.44 billion, a PE ratio of 12.00, a PEG ratio of 3.10 and a beta of 0.53. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $5.38 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb declared that its board has approved a share buyback program on Thursday, May 15th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, September 12th. Chubb’s dividend payout ratio is presently 17.12%.

Analyst Upgrades and Downgrades

CB has been the topic of several research reports. Citigroup started coverage on shares of Chubb in a research report on Wednesday, August 13th. They set a “buy” rating and a $326.00 price objective on the stock. UBS Group lowered their price objective on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company lowered their price objective on Chubb from $285.00 to $267.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $302.00.

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.