Investment Research & Advisory Group Inc. Reduces Stake in Chubb Limited $CB

Investment Research & Advisory Group Inc. lowered its stake in Chubb Limited (NYSE:CB) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,714 shares of the financial services provider’s stock after selling 396 shares during the quarter. Chubb makes up 1.5% of Investment Research & Advisory Group Inc.’s investment portfolio, making the stock its 21st largest position. Investment Research & Advisory Group Inc.’s holdings in Chubb were worth $3,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GQG Partners LLC lifted its stake in Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Demars Financial Group LLC increased its holdings in shares of Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after purchasing an additional 878,177 shares during the period. Ameriprise Financial Inc. raised its position in shares of Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after buying an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Chubb by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock valued at $840,756,000 after buying an additional 30,334 shares during the period. Finally, Nuveen LLC bought a new stake in Chubb during the first quarter valued at $562,221,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CB. Hsbc Global Res cut Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. UBS Group dropped their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Finally, Morgan Stanley reduced their target price on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $303.06.

Chubb Stock Performance

Chubb stock opened at $280.77 on Monday. The firm has a fifty day simple moving average of $273.84 and a two-hundred day simple moving average of $282.55. The company has a quick ratio of 0.28, a current 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 company has a market capitalization of $111.94 billion, a PE ratio of 12.39, a P/E/G ratio of 3.17 and a beta of 0.56.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. The firm 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 company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.38 earnings per share. Research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be paid 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 payout ratio is presently 17.12%.

Insiders Place Their Bets

In other news, Director Michael Corbat purchased 425 shares of the company’s stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

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.