1ST Source Bank maintained its stake in shares of Chubb Corp. (NYSE:CB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,203 shares of the company’s stock at the end of the second quarter. 1ST Source Bank’s holdings in Chubb Corp. were worth $288,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of Chubb Corp. by 1,144.2% in the first quarter. Wellington Management Group LLP now owns 32,841,412 shares of the company’s stock valued at $3,913,055,000 after buying an additional 30,201,897 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Chubb Corp. by 101.2% in the first quarter. Geode Capital Management LLC now owns 3,709,659 shares of the company’s stock valued at $441,104,000 after buying an additional 1,866,068 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Chubb Corp. by 193.3% in the first quarter. UBS Asset Management Americas Inc. now owns 2,284,749 shares of the company’s stock valued at $272,228,000 after buying an additional 1,505,808 shares during the last quarter. American Century Companies Inc. raised its position in shares of Chubb Corp. by 8.4% in the second quarter. American Century Companies Inc. now owns 2,271,885 shares of the company’s stock valued at $296,958,000 after buying an additional 175,687 shares during the last quarter. Finally, Altrinsic Global Advisors LLC purchased a new position in shares of Chubb Corp. during the first quarter valued at about $243,416,000. Institutional investors own 87.24% of the company’s stock.
Chubb Corp. (NYSE:CB) traded up 0.12% during trading on Tuesday, hitting $125.83. The stock had a trading volume of 433,003 shares. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 20.84 and a beta of 1.02. Chubb Corp. has a 52-week low of $106.82 and a 52-week high of $131.00. The company has a 50-day moving average price of $125.48 and a 200-day moving average price of $125.01.
Chubb Corp. (NYSE:CB) last released its quarterly earnings data on Tuesday, July 26th. The company reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by $0.20. The business earned $7.64 billion during the quarter, compared to the consensus estimate of $7.40 billion. Chubb Corp. had a net margin of 9.35% and a return on equity of 9.92%. The business’s revenue was up 59.7% compared to the same quarter last year. During the same period last year, the company posted $2.08 earnings per share. Equities research analysts forecast that Chubb Corp. will post $9.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, September 30th will be given a $0.69 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.76 annualized dividend and a yield of 2.20%. Chubb Corp.’s dividend payout ratio (DPR) is presently 44.37%.
CB has been the topic of several recent research reports. Barclays PLC increased their price target on Chubb Corp. from $133.00 to $139.00 and gave the stock an “overweight” rating in a report on Friday, September 30th. Credit Suisse Group AG set a $136.00 price objective on Chubb Corp. and gave the stock a “buy” rating in a research note on Monday, September 12th. Zacks Investment Research downgraded Chubb Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Citigroup Inc. reissued a “neutral” rating on shares of Chubb Corp. in a research note on Tuesday, June 21st. Finally, BMO Capital Markets downgraded Chubb Corp. from an “outperform” rating to a “market perform” rating and set a $136.00 price objective for the company. in a research note on Monday, July 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Chubb Corp. has a consensus rating of “Buy” and an average price target of $132.14.
In related news, Director Robert W. Scully bought 10,725 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average cost of $125.95 per share, for a total transaction of $1,350,813.75. Following the purchase, the director now owns 5,779 shares in the company, valued at $727,865.05. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sean Ringsted sold 15,570 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were 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 $21,220,250. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.
Chubb Corp. Company Profile
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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