Mayflower Financial Advisors LLC Sells 130 Shares of Chubb Limited (NYSE:CB)

Mayflower Financial Advisors LLC lowered its holdings in Chubb Limited (NYSE:CB) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,111 shares of the financial services provider’s stock after selling 130 shares during the period. Mayflower Financial Advisors LLC’s holdings in Chubb were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its stake in shares of Chubb by 7.4% during the 2nd quarter. TD Asset Management Inc now owns 213,294 shares of the financial services provider’s stock worth $54,407,000 after purchasing an additional 14,726 shares in the last quarter. FineMark National Bank & Trust raised its position in Chubb by 11.2% during the second quarter. FineMark National Bank & Trust now owns 2,710 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 274 shares in the last quarter. Cooke & Bieler LP lifted its stake in Chubb by 13.4% in the second quarter. Cooke & Bieler LP now owns 625,705 shares of the financial services provider’s stock valued at $159,605,000 after acquiring an additional 73,845 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Chubb by 37.9% in the 2nd quarter. Foundations Investment Advisors LLC now owns 1,493 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 410 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Chubb by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 34,888 shares of the financial services provider’s stock worth $8,899,000 after purchasing an additional 274 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 1.3 %

Shares of NYSE:CB opened at $287.19 on Friday. The business’s 50 day simple moving average is $268.26 and its 200 day simple moving average is $260.44. Chubb Limited has a 1 year low of $198.67 and a 1 year high of $293.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $116.62 billion, a P/E ratio of 12.75, a P/E/G ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter last year, the business earned $4.92 earnings per share. Chubb’s revenue was up 11.8% on a year-over-year basis. On average, research analysts anticipate that Chubb Limited will post 21.2 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 261 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now owns 39,172 shares in the company, valued at approximately $11,261,558.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares in the company, valued at $12,187,213.92. The disclosure for this sale can be found here. Insiders sold a total of 27,382 shares of company stock worth $7,609,745 in the last ninety days. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CB shares. Royal Bank of Canada raised their target price on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Roth Mkm lifted their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JMP Securities increased their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Morgan Stanley reduced their price objective on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays assumed coverage on shares of Chubb in a research report on Wednesday. They issued an “overweight” rating and a $349.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $274.70.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.