Cyrus J. Lawrence LLC Sells 625 Shares of Chubb Limited (NYSE:CB)

Cyrus J. Lawrence LLC reduced its holdings in shares of Chubb Limited (NYSE:CB) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,723 shares of the financial services provider’s stock after selling 625 shares during the quarter. Chubb accounts for about 2.0% of Cyrus J. Lawrence LLC’s holdings, making the stock its 26th biggest holding. Cyrus J. Lawrence LLC’s holdings in Chubb were worth $6,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. One Capital Management LLC bought a new position in Chubb in the first quarter valued at about $237,000. FORVIS Wealth Advisors LLC raised its position in Chubb by 4.4% in the first quarter. FORVIS Wealth Advisors LLC now owns 2,668 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 113 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Chubb by 2.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 119,904 shares of the financial services provider’s stock valued at $26,463,000 after purchasing an additional 2,765 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Chubb by 10.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,240 shares of the financial services provider’s stock valued at $11,524,000 after purchasing an additional 5,043 shares during the last quarter. Finally, Resources Investment Advisors LLC. raised its position in Chubb by 138.7% in the first quarter. Resources Investment Advisors LLC. now owns 8,514 shares of the financial services provider’s stock valued at $1,653,000 after purchasing an additional 4,947 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Chubb Stock Up 1.2 %

Shares of NYSE CB traded up $2.42 during midday trading on Friday, hitting $203.29. 1,247,613 shares of the stock traded hands, compared to its average volume of 1,791,279. The company has a market cap of $83.50 billion, a PE ratio of 14.60, a P/E/G ratio of 1.10 and a beta of 0.64. Chubb Limited has a one year low of $173.78 and a one year high of $231.37. The business has a 50 day moving average price of $197.83 and a two-hundred day moving average price of $197.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.34 and a current ratio of 0.34.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $4.92 EPS for the quarter, beating the consensus estimate of $4.41 by $0.51. The firm had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $11.24 billion. Chubb had a return on equity of 13.56% and a net margin of 12.47%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.20 earnings per share. On average, equities analysts predict that Chubb Limited will post 18.18 EPS for the current year.

Chubb declared that its board has authorized a stock buyback program on Monday, June 12th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 6.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.86 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.69%. Chubb’s dividend payout ratio is 24.71%.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 10,000 shares of Chubb stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $201.01, for a total transaction of $2,010,100.00. Following the transaction, the chief operating officer now owns 265,184 shares of the company’s stock, valued at $53,304,635.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO John W. Keogh sold 10,000 shares of Chubb stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $201.01, for a total transaction of $2,010,100.00. Following the transaction, the chief operating officer now owns 265,184 shares of the company’s stock, valued at $53,304,635.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Annmarie T. Hagan sold 1,187 shares of Chubb stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $211.81, for a total value of $251,418.47. Following the transaction, the chief accounting officer now directly owns 13,234 shares in the company, valued at approximately $2,803,093.54. The disclosure for this sale can be found here. Insiders have sold a total of 22,534 shares of company stock valued at $4,645,275 over the last 90 days. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CB shares. JMP Securities restated a “market outperform” rating and set a $250.00 price objective on shares of Chubb in a research report on Wednesday, July 26th. JPMorgan Chase & Co. raised their price objective on Chubb from $241.00 to $250.00 in a research report on Thursday, July 6th. Citigroup raised their price objective on Chubb from $229.00 to $235.00 in a research report on Thursday, July 27th. Morgan Stanley raised their price objective on Chubb from $192.00 to $209.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets raised their price objective on Chubb from $200.00 to $210.00 in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $242.79.

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.