First Trust Advisors LP increased its stake in shares of Chubb Corp. (NYSE:CB) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,587 shares of the company’s stock after buying an additional 5,814 shares during the period. First Trust Advisors LP’s holdings in Chubb Corp. were worth $19,424,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Chubb Corp. by 3.0% in the second quarter. Vanguard Group Inc. now owns 30,833,714 shares of the company’s stock valued at $4,030,275,000 after buying an additional 904,128 shares during the period. FMR LLC boosted its stake in Chubb Corp. by 3.4% in the second quarter. FMR LLC now owns 30,580,436 shares of the company’s stock valued at $3,997,169,000 after buying an additional 1,018,879 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Chubb Corp. by 6.0% in the second quarter. BlackRock Fund Advisors now owns 6,543,900 shares of the company’s stock valued at $855,353,000 after buying an additional 367,921 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Chubb Corp. by 0.4% in the second quarter. TIAA CREF Investment Management LLC now owns 4,725,519 shares of the company’s stock valued at $617,673,000 after buying an additional 18,461 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in Chubb Corp. by 0.3% in the second quarter. BlackRock Group LTD now owns 4,625,337 shares of the company’s stock valued at $604,580,000 after buying an additional 14,597 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.
Shares of Chubb Corp. (NYSE:CB) traded down 0.03% during mid-day trading on Friday, hitting $126.65. The stock had a trading volume of 534,232 shares. The company has a market capitalization of $58.94 billion, a P/E ratio of 16.97 and a beta of 0.86. The stock’s 50-day moving average price is $125.34 and its 200 day moving average price is $126.12. Chubb Corp. has a 1-year low of $106.82 and a 1-year high of $131.00.
Chubb Corp. (NYSE:CB) last posted its earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.30. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.36 billion. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.37 EPS. On average, analysts predict that Chubb Corp. will post $9.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 20th. Investors of record on Friday, December 30th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.18%. Chubb Corp.’s payout ratio is presently 36.90%.
CB has been the subject of several research reports. Zacks Investment Research cut Chubb Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. Barclays PLC increased their price objective on Chubb Corp. from $133.00 to $139.00 and gave the company an “overweight” rating in a research report on Friday, September 30th. Credit Suisse Group AG set a $136.00 price objective on Chubb Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. Finally, William Blair cut Chubb Corp. from a “market perform” rating to an “underperform” rating in a research report on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $133.53.
In other Chubb Corp. news, EVP Sean Ringsted sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the transaction, the executive vice president now directly owns 150,192 shares of the company’s stock, valued at approximately $18,999,288. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David H. Sidwell acquired 830 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was purchased at an average cost of $124.90 per share, for a total transaction of $103,667.00. Following the completion of the acquisition, the director now owns 7,386 shares in the company, valued at $922,511.40. The disclosure for this purchase can be found here. Corporate insiders own 0.43% of the company’s stock.
About Chubb Corp.