12,147 Shares in Chubb Limited $CB Purchased by Equitable Holdings Inc.

Key Points

• Equitable Holdings purchased 12,147 Chubb shares worth approximately $4.14 million during the second quarter. Institutional investors collectively own 83.81% of Chubb’s outstanding stock.
• Chubb reported quarterly EPS of $7.26, beating analysts’ $6.77 consensus, while revenue rose 3.6% year over year to $11.97 billion. Analysts expect full-year EPS of $27.49.
• Chubb declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 1.2% yield. Despite several bullish analyst ratings, the stock’s consensus rating remains “Hold,” with an average price target of $361.

Equitable Holdings Inc. purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,147 shares of the financial services provider's stock, valued at approximately $4,139,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in shares of Chubb in the 2nd quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in shares of Chubb during the second quarter valued at approximately $25,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 49 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in Chubb in the second quarter worth $26,000. Finally, Frazier Financial Advisors LLC lifted its stake in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after acquiring an additional 38 shares during the period. Institutional investors own 83.81% of the company's stock.

Chubb Price Performance

CB opened at $338.19 on Friday. The stock has a fifty day simple moving average of $347.13 and a two-hundred day simple moving average of $333.92. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $130.47 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 1.67 and a beta of 0.39. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts' consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.14 EPS. Research analysts predict that Chubb Limited will post 27.49 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb's dividend payout ratio (DPR) is 14.43%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CB shares. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $374.00 to $389.00 and gave the company an "outperform" rating in a research report on Wednesday, July 8th. Cantor Fitzgerald lifted their target price on shares of Chubb from $318.00 to $337.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Atlantic Securities set a $301.00 target price on shares of Chubb in a research note on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $340.00 to $370.00 and gave the company a "neutral" rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group increased their price target on shares of Chubb from $362.00 to $386.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $361.00.

Insider Activity

In related news, Director Michael P. Connors sold 5,500 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director owned 12,803 shares of the company's stock, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.37% of the company's stock.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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