Boston Advisors LLC boosted its stake in Chubb Corp. (NYSE:CB) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,861 shares of the company’s stock after buying an additional 206 shares during the period. Boston Advisors LLC’s holdings in Chubb Corp. were worth $3,380,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CB. Integrated Investment Consultants LLC increased its stake in Chubb Corp. by 14.5% in the second quarter. Integrated Investment Consultants LLC now owns 1,011 shares of the company’s stock valued at $132,000 after buying an additional 128 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Chubb Corp. during the first quarter worth $133,000. Manchester Capital Management LLC increased its stake in shares of Chubb Corp. by 137.1% in the first quarter. Manchester Capital Management LLC now owns 1,264 shares of the company’s stock worth $151,000 after buying an additional 731 shares in the last quarter. North American Management Corp acquired a new stake in shares of Chubb Corp. during the second quarter worth $202,000. Finally, Guardian Life Insurance Co of America increased its stake in shares of Chubb Corp. by 58.3% in the first quarter. Guardian Life Insurance Co of America now owns 1,705 shares of the company’s stock worth $203,000 after buying an additional 628 shares in the last quarter. 87.25% of the stock is currently owned by hedge funds and other institutional investors.
Chubb Corp. (NYSE:CB) traded up 1.01% during mid-day trading on Friday, hitting $125.65. 1,646,157 shares of the company were exchanged. The company has a 50 day moving average of $126.06 and a 200 day moving average of $124.65. The stock has a market cap of $58.44 billion, a P/E ratio of 20.81 and a beta of 1.00. Chubb Corp. has a 12-month low of $102.93 and a 12-month high of $131.00.
Chubb Corp. (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by $0.20. Chubb Corp. had a net margin of 9.35% and a return on equity of 9.92%. The business earned $7.64 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the prior year, the company posted $2.08 EPS. The company’s quarterly revenue was up 59.7% compared to the same quarter last year. On average, equities research analysts expect that Chubb Corp. will post $9.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, September 30th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, September 28th. Chubb Corp.’s dividend payout ratio is 44.37%.
A number of brokerages recently weighed in on CB. Barclays PLC boosted their price objective on shares of Chubb Corp. from $133.00 to $139.00 and gave the company an “overweight” rating in a research report on Friday. Zacks Investment Research downgraded shares of Chubb Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. Credit Suisse Group AG set a $136.00 price objective on shares of Chubb Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. Morgan Stanley boosted their price objective on shares of Chubb Corp. from $136.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Finally, MKM Partners reaffirmed a “buy” rating and set a $150.00 price objective (up previously from $140.00) on shares of Chubb Corp. in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $131.67.
In other news, Director Robert W. Scully bought 10,725 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was acquired at an average price of $125.95 per share, for a total transaction of $1,350,813.75. Following the transaction, the director now directly owns 5,779 shares of the company’s stock, valued at approximately $727,865.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sean Ringsted sold 15,570 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $125.00, for a total transaction of $1,946,250.00. Following the sale, the executive vice president now owns 169,762 shares of the company’s stock, valued at approximately $21,220,250. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.
About Chubb Corp.
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