30,674 Shares in Chubb Limited $CB Bought by Sone Capital Management LLC

Sone Capital Management LLC purchased a new position in shares of Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,674 shares of the financial services provider’s stock, valued at approximately $10,452,000.

Several other large investors have also added to or reduced their stakes in CB. XXEC Inc. purchased a new position in shares of Chubb in the second quarter worth about $228,226,000. BlackRock Inc. purchased a new stake in Chubb in the second quarter valued at approximately $9,913,336,000. GQG Partners LLC purchased a new stake in Chubb in the second quarter valued at approximately $4,250,113,000. Norges Bank acquired a new position in Chubb in the 4th quarter worth approximately $1,081,190,000. Finally, Bank of New York Mellon Corp acquired a new position in Chubb in the 2nd quarter worth approximately $1,042,549,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CB. Citizens Jmp restated a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Cantor Fitzgerald increased their price objective on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Mizuho boosted their target price on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $361.00.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction dated 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 approximately $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction dated 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 sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. The trade was a 10.16% 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.

Chubb Trading Up 1.4%

Shares of NYSE:CB opened at $345.63 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The business has a 50 day moving average of $346.25 and a two-hundred day moving average of $333.69. The company has a market capitalization of $133.34 billion, a PE ratio of 12.23, a PEG ratio of 1.65 and a beta of 0.39.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $6.14 EPS. As a group, analysts forecast that Chubb Limited will post 27.49 EPS for the current year.

Chubb Dividend Announcement

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

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.