We Are One Seven LLC Has $1.45 Million Stock Position in Chubb Ltd (NYSE:CB)

We Are One Seven LLC reduced its position in Chubb Ltd (NYSE:CB) by 10.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,875 shares of the financial services provider’s stock after selling 1,207 shares during the period. We Are One Seven LLC’s holdings in Chubb were worth $1,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Buckley Wealth Management LLC boosted its position in shares of Chubb by 1.8% in the 1st quarter. Buckley Wealth Management LLC now owns 4,068 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 73 shares during the last quarter. Selway Asset Management boosted its position in shares of Chubb by 0.4% in the 1st quarter. Selway Asset Management now owns 18,635 shares of the financial services provider’s stock worth $2,610,000 after purchasing an additional 75 shares during the last quarter. Monetary Management Group Inc. boosted its position in shares of Chubb by 3.4% in the 1st quarter. Monetary Management Group Inc. now owns 2,275 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 75 shares during the last quarter. Delta Capital Management LLC boosted its position in shares of Chubb by 0.4% in the 1st quarter. Delta Capital Management LLC now owns 21,467 shares of the financial services provider’s stock worth $3,007,000 after purchasing an additional 80 shares during the last quarter. Finally, Sandy Spring Bank boosted its position in shares of Chubb by 8.4% in the 1st quarter. Sandy Spring Bank now owns 1,085 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 84 shares during the last quarter. 88.98% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Barclays set a $34.00 price target on DCP Midstream and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Atlantic Securities lowered Chubb from a “neutral” rating to an “underweight” rating and set a $135.00 target price on the stock. in a report on Thursday, June 20th. Sandler O’Neill upgraded Independent Bank from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Wells Fargo & Co set a $33.00 target price on Matador Resources and gave the stock a “hold” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chubb presently has a consensus rating of “Hold” and an average target price of $150.55.

In other news, CEO Evan G. Greenberg sold 215,648 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $148.84, for a total value of $32,097,048.32. Following the sale, the chief executive officer now directly owns 1,002,730 shares in the company, valued at $149,246,333.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul J. Krump sold 4,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $150.00, for a total value of $600,000.00. Following the completion of the sale, the insider now owns 123,865 shares in the company, valued at $18,579,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 338,696 shares of company stock worth $50,281,372. Corporate insiders own 0.47% of the company’s stock.

CB stock traded down $0.19 during midday trading on Tuesday, hitting $153.09. 683,524 shares of the company’s stock were exchanged, compared to its average volume of 1,332,713. The stock’s fifty day moving average is $149.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 0.35. The company has a market cap of $70.04 billion, a P/E ratio of 16.22, a PEG ratio of 1.47 and a beta of 0.73. Chubb Ltd has a one year low of $119.54 and a one year high of $154.05.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. The company had revenue of $7.76 billion for the quarter, compared to analyst estimates of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.68 earnings per share. On average, analysts predict that Chubb Ltd will post 10.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 21st were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Chubb’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, June 20th. Chubb’s payout ratio is 31.78%.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional 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 in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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