849 Shares in Chubb Ltd (CB) Purchased by Honkamp Krueger Financial Services Inc.

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.

A number of brokerages have weighed in on CB. Wells Fargo & Co reiterated a “buy” rating and issued a $160.00 price target on shares of Chubb in a report on Monday. Morgan Stanley decreased their price target on shares of Chubb from $166.00 to $153.00 and set an “overweight” rating on the stock in a report on Wednesday, November 14th. Citigroup decreased their price target on shares of Chubb from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $157.10.

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%.

ILLEGAL ACTIVITY NOTICE: “849 Shares in Chubb Ltd (CB) Purchased by Honkamp Krueger Financial Services Inc.” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.com-unik.info/2018/12/04/849-shares-in-chubb-ltd-cb-purchased-by-honkamp-krueger-financial-services-inc.html.

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.

Read More: How to Invest in an Index Fund

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Ltd (NYSE:CB).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit