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Institutional investors boosted Chubb's stake amid strong earnings, revenue growth, and a new dividend.
Institutional investors including Venture Visionary Partners, Smith Chas P & Associates, and Elser Financial Planning increased their stakes in Chubb Limited during the second quarter, citing strong financial results.
The company reported $6.14 earnings per share, exceeding estimates by $0.30, and $14.2 billion in revenue, up 6.3% year-over-year.
Chubb announced a quarterly dividend of $0.97 per share, payable on October 3, with a 1.4% annual yield.
Insider Michael Corbat bought 425 shares, while John J. Lupica sold 5,513 shares.
The stock trades at $280.77 with a market cap of $111.94 billion and a consensus "Hold" rating.
Los inversores institucionales impulsaron la participación de Chubb en medio de fuertes ganancias, crecimiento de ingresos y un nuevo dividendo.