Mount Yale Investment Advisors LLC Invests $4.02 Million in Chubb Ltd (CB)

Mount Yale Investment Advisors LLC bought a new position in shares of Chubb Ltd (NYSE:CB) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 29,388 shares of the financial services provider’s stock, valued at approximately $4,019,000.

Other institutional investors have also modified their holdings of the company. Epoch Investment Partners Inc. grew its stake in shares of Chubb by 10.8% in the first quarter. Epoch Investment Partners Inc. now owns 2,052,795 shares of the financial services provider’s stock worth $280,761,000 after purchasing an additional 200,147 shares during the last quarter. Financial Counselors Inc. grew its stake in shares of Chubb by 5.0% in the fourth quarter. Financial Counselors Inc. now owns 88,528 shares of the financial services provider’s stock worth $12,937,000 after purchasing an additional 4,201 shares during the last quarter. Aristotle Atlantic Partners LLC bought a new stake in shares of Chubb in the fourth quarter worth $429,000. Deutsche Bank AG grew its stake in shares of Chubb by 13.1% in the fourth quarter. Deutsche Bank AG now owns 1,748,443 shares of the financial services provider’s stock worth $255,493,000 after purchasing an additional 203,179 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of Chubb in the fourth quarter worth $8,256,000. 90.17% of the stock is currently owned by institutional investors.

In other news, Director Michael G. Atieh sold 920 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $130.86, for a total transaction of $120,391.20. Following the transaction, the director now owns 40,561 shares in the company, valued at $5,307,812.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 135 shares of company stock worth $19,612 in the last quarter. Company insiders own 0.44% of the company’s stock.

Several equities analysts recently issued reports on CB shares. Citigroup boosted their target price on shares of Chubb from $155.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, May 1st. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a report on Friday, April 27th. Wells Fargo & Co set a $169.00 target price on shares of Chubb and gave the company a “buy” rating in a report on Tuesday, April 24th. Goldman Sachs Group lowered shares of Chubb from a “buy” rating to a “neutral” rating and set a $167.00 target price on the stock. in a report on Monday, June 18th. Finally, Argus started coverage on shares of Chubb in a report on Friday, April 6th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $161.69.

Shares of NYSE CB traded down $0.11 during trading on Monday, hitting $125.27. 179,371 shares of the company traded hands, compared to its average volume of 1,725,410. Chubb Ltd has a fifty-two week low of $124.67 and a fifty-two week high of $157.50. The firm has a market capitalization of $58.40 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.20 and a beta of 1.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.08. Chubb had a net margin of 11.73% and a return on equity of 7.29%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the business earned $2.48 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. equities research analysts forecast that Chubb Ltd will post 10.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 22nd will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, June 21st. This represents a $2.92 annualized dividend and a dividend yield of 2.33%. This is a positive change from Chubb’s previous quarterly dividend of $0.71. Chubb’s dividend payout ratio is currently 36.36%.

Chubb Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as 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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