Sciencast Management LP Invests $1.94 Million in Chubb Limited (NYSE:CB)

Sciencast Management LP bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 7,478 shares of the financial services provider's stock, valued at approximately $1,938,000. Chubb comprises approximately 1.2% of Sciencast Management LP's investment portfolio, making the stock its 10th biggest holding.

Other large investors have also recently bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new position in shares of Chubb in the first quarter valued at $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. ZRC Wealth Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. EdgeRock Capital LLC acquired a new stake in shares of Chubb during the 4th quarter valued at about $35,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Chubb in the fourth quarter valued at about $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other news, Director Michael G. Atieh sold 716 shares of the company's stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now directly owns 39,295 shares of the company's stock, valued at approximately $10,597,861.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Michael G. Atieh sold 716 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the sale, the director now owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the transaction, the chief accounting officer now directly owns 7,718 shares of the company's stock, valued at $2,036,085.58. The disclosure for this sale can be found here. Over 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 Stock Up 0.1 %

CB stock traded up $0.31 during trading hours on Friday, reaching $258.30. 1,301,989 shares of the stock were exchanged, compared to its average volume of 1,650,547. The company has a market cap of $104.89 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 6.21 and a beta of 0.66. The firm's 50-day moving average is $260.64 and its 200-day moving average is $250.79. Chubb Limited has a 12 month low of $186.52 and a 12 month high of $275.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion for the quarter, compared to the consensus estimate of $11.75 billion. During the same period last year, the company earned $4.41 earnings per share. The firm's revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Chubb Limited will post 20.95 earnings per share for the current year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, June 14th. This is an increase from Chubb's previous quarterly dividend of $0.86. Chubb's dividend payout ratio is presently 16.16%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of Chubb from $228.00 to $254.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. JMP Securities restated a "market outperform" rating and issued a $280.00 price target on shares of Chubb in a research report on Monday, April 15th. HSBC reaffirmed a "hold" rating and set a $270.00 price objective (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Bank of America raised Chubb from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $244.00 to $266.00 in a report on Thursday, May 23rd. Finally, Keefe, Bruyette & Woods dropped their price target on Chubb from $297.00 to $294.00 and set an "outperform" rating for the company in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $267.65.

About Chubb

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.

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