Signaturefd LLC raised its position in Chubb Corp. (NYSE:CB) by 2.5% during the second quarter, Holdings Channel reports. The fund owned 2,284 shares of the company’s stock after buying an additional 55 shares during the period. Signaturefd LLC’s holdings in Chubb Corp. were worth $299,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in 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. Altrinsic Global Advisors LLC purchased a new position in Chubb Corp. during the first quarter valued at $243,416,000. Geode Capital Management LLC raised its position in 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 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. Finally, Renaissance Technologies LLC raised its position in Chubb Corp. by 206.8% in the first quarter. Renaissance Technologies LLC now owns 1,347,361 shares of the company’s stock valued at $160,538,000 after buying an additional 908,261 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Shares of Chubb Corp. (NYSE:CB) traded up 0.55% on Wednesday, hitting $126.03. 915,256 shares of the stock traded hands. The firm’s 50-day moving average is $125.47 and its 200 day moving average is $125.02. Chubb Corp. has a 12-month low of $106.82 and a 12-month high of $131.00. The firm has a market cap of $58.61 billion, a P/E ratio of 20.88 and a beta of 1.02.
Chubb Corp. (NYSE:CB) last released its earnings results on Tuesday, July 26th. The company reported $2.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by $0.20. Chubb Corp. had a return on equity of 9.92% and a net margin of 9.35%. The company earned $7.64 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same period in the prior year, the business posted $2.08 earnings per share. Chubb Corp.’s revenue was up 59.7% on a year-over-year basis. Equities research analysts forecast that Chubb Corp. will post $9.60 EPS for the current fiscal year.
The business also recently announced 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 is Wednesday, September 28th. This represents a $2.76 annualized dividend and a dividend yield of 2.20%. Chubb Corp.’s dividend payout ratio is presently 44.37%.
CB has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Chubb Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. BMO Capital Markets downgraded shares of Chubb Corp. from an “outperform” rating to a “market perform” rating and set a $136.00 price target on the stock. in a research note on Monday, July 11th. They noted that the move was a valuation call. Barclays PLC boosted their price target on shares of Chubb Corp. from $133.00 to $139.00 and gave the company an “overweight” rating in a research note on Friday, September 30th. Credit Suisse Group AG set a $136.00 price target on shares of Chubb Corp. and gave the company a “buy” rating in a research note on Monday, September 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of Chubb Corp. in a research note on Tuesday, June 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Chubb Corp. presently has a consensus rating of “Buy” and an average target price of $132.14.
In other Chubb Corp. news, Director David H. Sidwell purchased 830 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were purchased at an average price of $124.90 per share, for a total transaction of $103,667.00. Following the completion of the acquisition, the director now owns 7,386 shares of the company’s stock, valued at approximately $922,511.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Scully purchased 10,725 shares of the business’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 acquisition, the director now directly owns 5,779 shares of the company’s stock, valued at approximately $727,865.05. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by corporate insiders.
About Chubb Corp.
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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