Meiji Yasuda Asset Management Co Ltd. Buys Shares of 13,541 Chubb Limited $CB

Meiji Yasuda Asset Management Co Ltd. acquired a new position in Chubb Limited (NYSE:CB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,541 shares of the financial services provider’s stock, valued at approximately $4,614,000.

Several other large investors have also recently modified their holdings of CB. IMG Wealth Management Inc. acquired a new position in shares of Chubb during the second quarter worth $25,000. Dunhill Financial LLC purchased a new position in Chubb during the 2nd quarter worth $25,000. CBIZ Investment Advisory Services LLC increased its position in Chubb by 148.5% during 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 in the last quarter. Frazier Financial Advisors LLC raised its stake 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 stake in Chubb in the first quarter worth about $29,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.0%

Shares of Chubb stock opened at $341.15 on Monday. 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 stock has a market cap of $131.62 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.39. The firm has a fifty day moving average price of $345.88 and a 200 day moving average price of $333.46.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $6.14 EPS. Equities research analysts predict that Chubb Limited will post 27.49 earnings per share for the current year.

Chubb Announces Dividend

The business 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%.

Analysts Set New Price Targets

CB has been the topic of several recent analyst reports. Citizens Jmp restated a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Atlantic Securities set a $301.00 price target on shares of Chubb in a research note on Wednesday, July 15th. The Goldman Sachs Group raised their price target on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. UBS Group boosted their price objective on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Mizuho raised their target price on Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $361.00.

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.