Versant Capital Management Inc Has $58,000 Position in Chubb Limited (NYSE:CB)

Versant Capital Management Inc boosted its holdings in shares of Chubb Limited (NYSE:CB) by 160.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229 shares of the financial services provider’s stock after buying an additional 141 shares during the period. Versant Capital Management Inc’s holdings in Chubb were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the 1st quarter valued at $25,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Chubb in the 4th quarter valued at $29,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Chubb in the 1st quarter valued at $29,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Chubb in the 4th quarter valued at $32,000. Finally, Northwest Financial Advisors acquired a new stake in shares of Chubb in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at approximately $12,199,649.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Juan Luis Ortega sold 2,400 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $260.98, for a total transaction of $626,352.00. Following the completion of the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $11,648,059.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Peter C. Enns sold 8,200 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The disclosure for this sale can be found here. In the last three months, insiders sold 47,552 shares of company stock valued at $12,149,985. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Down 1.5 %

Shares of CB stock traded down $4.14 on Tuesday, reaching $265.18. The company had a trading volume of 2,104,322 shares, compared to its average volume of 1,661,917. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. The stock has a market cap of $107.68 billion, a PE ratio of 11.77, a PEG ratio of 5.21 and a beta of 0.66. The company has a 50-day moving average of $262.97 and a 200-day moving average of $255.70. Chubb Limited has a 12 month low of $198.10 and a 12 month high of $277.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. Chubb’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $4.92 EPS. On average, equities analysts forecast that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date was Friday, June 14th. Chubb’s dividend payout ratio is presently 16.16%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Royal Bank of Canada upped their price target on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. StockNews.com downgraded shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Bank of America upped their price target on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $270.79.

Chubb 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.