111 Capital Invests $393,000 in Chubb Limited $CB

Key Points

• 111 Capital invested approximately $393,000 in Chubb Limited, acquiring 1,355 shares during the 2nd quarter.
• Chubb reported $6.14 EPS for its latest quarter, exceeding analysts' expectations of $5.84, with revenue reaching $14.20 billion.
• The company declared a quarterly dividend of $0.97 per share, resulting in an annualized dividend yield of 1.4%.

111 Capital bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,355 shares of the financial services provider's stock, valued at approximately $393,000.

Other large investors also recently bought and sold shares of the company. Modern Wealth Management LLC boosted its holdings in Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock worth $744,000 after buying an additional 143 shares in the last quarter. Jump Financial LLC boosted its stake in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider's stock worth $2,470,000 after acquiring an additional 7,065 shares in the last quarter. Legato Capital Management LLC grew its position in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock valued at $3,080,000 after acquiring an additional 5,582 shares during the period. Davis Rea LTD. acquired a new stake in shares of Chubb during the 1st quarter valued at about $5,117,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Chubb by 3.3% in the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock valued at $13,070,000 after purchasing an additional 1,375 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

NYSE:CB opened at $283.99 on Monday. The company's 50-day moving average price is $274.76 and its 200-day moving average price is $282.06. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market cap of $113.22 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.20 and a beta of 0.54. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.38 EPS. On average, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb's dividend payout ratio (DPR) is currently 17.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CB. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Cantor Fitzgerald raised shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Piper Sandler reaffirmed a "neutral" rating and set a $283.00 price objective (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, Wells Fargo & Company cut their target price on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $303.24.

Insider Buying and Selling

In related news, Director Michael Corbat acquired 425 shares of the stock in a transaction on Friday, July 25th. The shares were bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company's stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.