Family Legacy Inc. Grows Position in Chubb Ltd (NYSE:CB)

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Family Legacy Inc. boosted its stake in Chubb Ltd (NYSE:CB) by 8.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,851 shares of the financial services provider’s stock after purchasing an additional 290 shares during the quarter. Family Legacy Inc.’s holdings in Chubb were worth $567,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in Chubb by 11.6% during the second quarter. Arizona State Retirement System now owns 122,867 shares of the financial services provider’s stock worth $18,097,000 after buying an additional 12,815 shares during the period. Hemenway Trust Co LLC grew its stake in Chubb by 1.0% during the second quarter. Hemenway Trust Co LLC now owns 125,839 shares of the financial services provider’s stock worth $18,535,000 after buying an additional 1,211 shares during the period. Manning & Napier Group LLC grew its stake in Chubb by 1,278.5% during the second quarter. Manning & Napier Group LLC now owns 101,596 shares of the financial services provider’s stock worth $14,963,000 after buying an additional 94,226 shares during the period. Claro Advisors LLC grew its stake in Chubb by 2.0% during the second quarter. Claro Advisors LLC now owns 4,486 shares of the financial services provider’s stock worth $661,000 after buying an additional 87 shares during the period. Finally, Artemis Investment Management LLP grew its stake in Chubb by 30.1% during the second quarter. Artemis Investment Management LLP now owns 81,995 shares of the financial services provider’s stock worth $12,062,000 after buying an additional 18,952 shares during the period. Hedge funds and other institutional investors own 89.02% of the company’s stock.

Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley boosted their price objective on shares of Chubb from $153.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. UBS Group boosted their price objective on shares of Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Atlantic Securities downgraded shares of Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 price objective for the company. in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Chubb presently has a consensus rating of “Hold” and an average target price of $150.55.

Shares of CB stock opened at $152.27 on Monday. The stock has a market capitalization of $69.40 billion, a P/E ratio of 16.13, a PEG ratio of 1.47 and a beta of 0.72. The company has a fifty day moving average price of $149.70. The company has a quick ratio of 0.31, a current ratio of 0.32 and a debt-to-equity ratio of 0.25. Chubb Ltd has a twelve month low of $119.54 and a twelve month high of $154.26.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.02. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a net margin of 11.00% and a return on equity of 8.53%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.68 earnings per share. As a group, research analysts forecast that Chubb Ltd will post 10.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 21st were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This is an increase from Chubb’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 1.97%. Chubb’s dividend payout ratio is 31.78%.

In related news, insider Paul Bennett Medini sold 2,125 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $153.72, for a total value of $326,655.00. Following the sale, the insider now directly owns 89,534 shares of the company’s stock, valued at $13,763,166.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael G. Atieh sold 2,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $141.87, for a total transaction of $283,740.00. The disclosure for this sale can be found here. Insiders sold 340,821 shares of company stock valued at $50,608,027 over the last 90 days. Insiders own 0.47% of the company’s stock.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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