Rehmann Capital Advisory Group Cuts Stake in Chubb Limited (NYSE:CB)

Rehmann Capital Advisory Group lowered its position in shares of Chubb Limited (NYSE:CB) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,694 shares of the financial services provider’s stock after selling 42 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Chubb were worth $1,216,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new stake in shares of Chubb during the 1st quarter worth about $29,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb in the fourth quarter worth approximately $29,000. ZRC Wealth Management LLC acquired a new stake in shares of Chubb in the fourth quarter worth approximately $29,000. EdgeRock Capital LLC acquired a new stake in shares of Chubb in the fourth quarter worth approximately $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.9 %

Shares of NYSE:CB traded up $2.22 during midday trading on Wednesday, reaching $255.56. The company had a trading volume of 469,425 shares, compared to its average volume of 1,649,880. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s fifty day moving average price is $260.16 and its 200-day moving average price is $250.44. The stock has a market capitalization of $103.77 billion, a P/E ratio of 11.30, a PEG ratio of 6.11 and a beta of 0.66. Chubb Limited has a one year low of $186.52 and a one year high of $275.41.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.41 earnings per share. Equities research analysts expect that Chubb Limited will post 21.03 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a $0.91 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.42%. Chubb’s dividend payout ratio is currently 16.16%.

Insider Activity

In other Chubb news, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Peter C. Enns sold 8,200 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total value of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares in the company, valued at $12,199,649.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The disclosure for this sale can be found here. Insiders have sold 47,552 shares of company stock worth $12,149,985 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CB shares. Citigroup reissued a “neutral” rating and issued a $275.00 target price (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. HSBC reaffirmed a “hold” rating and set a $270.00 price target (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Roth Mkm reaffirmed a “buy” rating and set a $280.00 price target on shares of Chubb in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $266.65.

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.