Kevin Hern, the representative for Oklahoma's 1st congressional district, has made a series of notable transactions, according to the latest congressional trade report. Notably, Hern has sold assets in both the Bank of Montreal (BMO) and Barclays Bank (BARC), while making purchases in Chubb Limited (NYSE:CB) and Inland Real Estate Income Trust.
The transactions were made from two accounts: the Hern Family Revocable Trust and the Hern Family Foundation. Both the Bank of Montreal and Barclays Bank assets were corporate securities, which were sold for a value between $250,001 and $500,000 each. These notes were called by the issuer on July 19, 2024, and July 26, 2024, respectively.
In addition to these sales, Hern also made two purchases in the stock market. Chubb Limited common stock and Inland Real Estate Income Trust shares were both acquired for a value between $1,001 and $15,000. These purchases were made through a dividend reinvestment scheme from the Hern Family Revocable Trust's brokerage investment account.
The Hern Family Revocable Trust, which holds 100% interest in both a brokerage investment account and the Hern Family Foundation, is described as a stock, bonds, EFTs, and mutual funds vehicle. The Hern Family Foundation is also listed as a subholding, indicating a diversified investment strategy.
InvestingPro Insights
As Representative Kevin Hern adjusts his portfolio with the acquisition of Chubb Limited (NYSE:CB) stock, a look at the company's recent performance and market standing could provide valuable context. Chubb Limited, a prominent player in the Insurance industry, is currently trading at a P/E ratio of 11.3, which is considered low relative to its near-term earnings growth. This could signal an attractive valuation for investors seeking entry points into stable companies with growth potential. The company's commitment to shareholder returns is also noteworthy, as evidenced by its track record of raising its dividend for 8 consecutive years, and maintaining dividend payments for an impressive 32 consecutive years.
InvestingPro data highlights Chubb Limited's strong financial performance in the last twelve months as of Q2 2024, with a revenue growth of 15.29%, and an even more robust EBITDA growth of 36.47%. This robust financial health is further underlined by the company's gross profit margin of 28.09%. However, it's important to note that according to InvestingPro Tips, the company's short-term obligations currently exceed its liquid assets, which could be a point of consideration for investors looking at the company's liquidity position.
For those interested in deeper analysis, there are additional InvestingPro Tips available for Chubb Limited, which can be found at https://www.investing.com/pro/CB. These tips could provide further insights into the company's performance and future outlook, aiding investors in making more informed decisions.
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