194,584 Shares in Chubb Ltd (NYSE:CB) Purchased by Royal London Asset Management Ltd.

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Royal London Asset Management Ltd. acquired a new position in shares of Chubb Ltd (NYSE:CB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 194,584 shares of the financial services provider’s stock, valued at approximately $24,722,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cidel Asset Management Inc. increased its position in shares of Chubb by 48.1% during the first quarter. Cidel Asset Management Inc. now owns 3,001 shares of the financial services provider’s stock valued at $501,000 after acquiring an additional 975 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of Chubb by 1.1% during the first quarter. Artisan Partners Limited Partnership now owns 367,356 shares of the financial services provider’s stock valued at $50,243,000 after acquiring an additional 3,891 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Chubb by 66.0% during the first quarter. Toronto Dominion Bank now owns 337,483 shares of the financial services provider’s stock valued at $46,150,000 after acquiring an additional 134,141 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Chubb by 26.3% during the first quarter. Stratos Wealth Partners LTD. now owns 6,790 shares of the financial services provider’s stock valued at $928,000 after acquiring an additional 1,413 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Chubb by 80.7% during the first quarter. Quadrant Capital Group LLC now owns 2,157 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 963 shares during the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Shares of NYSE:CB traded down $0.57 during trading on Friday, hitting $126.25. 2,692,847 shares of the company were exchanged, compared to its average volume of 1,652,850. The company has a market capitalization of $61.91 billion, a PE ratio of 15.72, a P/E/G ratio of 1.28 and a beta of 1.01. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. Chubb Ltd has a 12-month low of $123.23 and a 12-month high of $157.50.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.06. The business had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.30 billion. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 EPS. As a group, equities research analysts predict that Chubb Ltd will post 10.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 21st were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $2.92 annualized dividend and a dividend yield of 2.31%. Chubb’s dividend payout ratio is presently 36.36%.

In other Chubb news, insider Timothy Alan Boroughs sold 14,971 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total value of $2,086,508.27. Following the transaction, the insider now directly owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 227,994 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the completion of the transaction, the chief executive officer now directly owns 1,583,326 shares in the company, valued at $222,124,804.54. The disclosure for this sale can be found here. Insiders have sold a total of 243,093 shares of company stock valued at $34,089,733 in the last 90 days. Insiders own 0.44% of the company’s stock.

Several research analysts have recently commented on CB shares. Deutsche Bank lowered shares of Chubb from a “hold” rating to a “sell” rating and lowered their price objective for the company from $135.00 to $126.00 in a research note on Monday, August 13th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Goldman Sachs Group lowered shares of Chubb from a “buy” rating to a “neutral” rating and set a $167.00 price objective for the company. in a research note on Monday, June 18th. Wells Fargo & Co reissued a “buy” rating on shares of Chubb in a research note on Wednesday, August 8th. Finally, Credit Suisse Group started coverage on shares of Chubb in a research note on Tuesday, August 7th. They issued a “neutral” rating and a $150.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $159.45.

Chubb Company 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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