Honkamp Krueger Financial Services Inc. bought a new position in shares of Chubb Ltd (NYSE:CB) during the third quarter, HoldingsChannel.com reports. The firm bought 849 shares of the financial services provider’s stock, valued at approximately $113,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ELM Advisors LLC acquired a new position in shares of Chubb in the 3rd quarter valued at $103,000. Atlantic Trust LLC acquired a new position in shares of Chubb in the 2nd quarter valued at $102,000. Legacy Advisors LLC boosted its holdings in shares of Chubb by 1,612.0% in the 3rd quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 806 shares during the last quarter. Daiwa SB Investments Ltd. acquired a new position in shares of Chubb in the 3rd quarter valued at $198,000. Finally, Lodestar Investment Counsel LLC IL acquired a new position in shares of Chubb in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.
In other news, insider Timothy Alan Boroughs sold 14,971 shares of the firm’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 owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael G. Atieh sold 1,200 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $133.27, for a total transaction of $159,924.00. The disclosure for this sale can be found here. In the last three months, insiders sold 244,207 shares of company stock worth $34,237,330. Insiders own 0.44% of the company’s stock.
Shares of CB stock opened at $133.51 on Tuesday. Chubb Ltd has a 52 week low of $120.50 and a 52 week high of $157.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $61.63 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.
Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 EPS for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.02. Chubb had a net margin of 15.37% and a return on equity of 9.71%. The business had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same quarter last year, the firm posted ($0.13) EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Chubb Ltd will post 9.98 earnings per share for the current year.
Chubb announced that its board has initiated a stock buyback program on Thursday, November 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 21st will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, December 20th. Chubb’s dividend payout ratio is presently 36.36%.
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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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