Dockside LLC Buys Shares of 5,094 Chubb Limited $CB

Dockside LLC bought 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 & Exchange Commission. The institutional investor bought 5,094 shares of the financial services provider’s stock, valued at approximately $1,736,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northstar Group Inc. bought a new stake in Chubb during the 2nd quarter valued at approximately $1,715,000. Oldfield Partners LLP boosted its stake in Chubb by 25.2% during the second quarter. Oldfield Partners LLP now owns 221,100 shares of the financial services provider’s stock worth $75,338,000 after buying an additional 44,500 shares in the last quarter. Ballast Inc. increased its stake in Chubb by 24.4% in the second quarter. Ballast Inc. now owns 5,986 shares of the financial services provider’s stock valued at $2,040,000 after acquiring an additional 1,175 shares during the period. Regent Peak Wealth Advisors LLC raised its holdings in shares of Chubb by 5.2% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 944 shares of the financial services provider’s stock worth $322,000 after buying an additional 47 shares in the last quarter. Finally, Dagco Inc. raised its stake in Chubb by 7.0% during the second quarter. Dagco Inc. now owns 1,813 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CB shares. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. UBS Group boosted their price objective on Chubb from $340.00 to $369.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group raised their target price on Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Mizuho upped their price target on shares of Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets raised their price objective on shares of Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Two investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $360.09.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction 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 transaction, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction 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 owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of NYSE:CB opened at $343.80 on Friday. 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 1-year low of $265.30 and a 1-year high of $365.91. The stock has a market capitalization of $132.64 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. The business has a 50-day moving average price of $344.31 and a two-hundred day moving average price of $331.99.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the firm earned $6.14 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

About Chubb

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.