CG Asset Management LLC raised its position in shares of Chubb Corp. (NYSE:CB) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,089 shares of the company’s stock after buying an additional 400 shares during the period. CG Asset Management LLC’s holdings in Chubb Corp. were worth $1,972,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. First National Trust Co. increased its stake in Chubb Corp. by 15.8% in the second quarter. First National Trust Co. now owns 24,056 shares of the company’s stock valued at $3,145,000 after buying an additional 3,274 shares during the last quarter. Markston International LLC increased its stake in Chubb Corp. by 50.9% in the second quarter. Markston International LLC now owns 100,612 shares of the company’s stock valued at $13,151,000 after buying an additional 33,939 shares during the last quarter. FNY Managed Accounts LLC increased its stake in Chubb Corp. by 31.6% in the second quarter. FNY Managed Accounts LLC now owns 987 shares of the company’s stock valued at $129,000 after buying an additional 237 shares during the last quarter. Bartlett & Co. LLC increased its stake in Chubb Corp. by 441.6% in the second quarter. Bartlett & Co. LLC now owns 61,648 shares of the company’s stock valued at $8,058,000 after buying an additional 50,265 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in 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. 87.25% of the stock is owned by hedge funds and other institutional investors.
Chubb Corp. (NYSE:CB) traded down 1.15% during mid-day trading on Monday, hitting $124.21. The company had a trading volume of 1,033,233 shares. The company has a market cap of $57.77 billion, a PE ratio of 20.57 and a beta of 1.02. Chubb Corp. has a one year low of $102.93 and a one year high of $131.00. The company’s 50 day moving average price is $126.06 and its 200-day moving average price is $124.65.
Chubb Corp. (NYSE:CB) last released its quarterly earnings results 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 company had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.40 billion. Chubb Corp. had a return on equity of 9.92% and a net margin of 9.35%. The business’s revenue was up 59.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.08 EPS. Equities research analysts anticipate that Chubb Corp. will post $9.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, September 30th will be paid a dividend of $0.69 per share. The ex-dividend date is Wednesday, September 28th. This represents a $2.76 annualized dividend and a dividend yield of 2.22%. Chubb Corp.’s dividend payout ratio (DPR) is presently 44.37%.
Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Chubb Corp. from $136.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Zacks Investment Research downgraded Chubb Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. MKM Partners reaffirmed a “buy” rating and set a $150.00 price target (up from $140.00) on shares of Chubb Corp. in a report on Friday, July 15th. BMO Capital Markets downgraded Chubb Corp. from an “outperform” rating to a “market perform” rating and set a $136.00 price target for the company. in a report on Monday, July 11th. They noted that the move was a valuation call. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. Chubb Corp. has an average rating of “Buy” and a consensus price target of $131.67.
In related news, EVP Sean Ringsted sold 15,570 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 169,762 shares in the company, valued at approximately $21,220,250. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Scully bought 10,725 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average price of $125.95 per share, with a total value of $1,350,813.75. Following the purchase, the director now owns 5,779 shares in the company, valued at $727,865.05. The disclosure for this purchase can be found here. Insiders own 0.43% of the company’s stock.
About Chubb Corp.
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Corp. (NYSE:CB).
Receive News & Ratings for Chubb Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb Corp. and related companies with MarketBeat.com's FREE daily email newsletter.