1,878 Shares in Chubb Limited $CB Purchased by Vantage Point Financial LLC

Key Points

• Vantage Point Financial LLC acquired 1,878 shares of Chubb Limited for approximately $544,000 during the second quarter, reflecting growing institutional interest in the company.
• Chubb's earnings report for the last quarter revealed a higher-than-expected EPS of $6.14, surpassing analysts’ estimates and indicating a 6.3% year-over-year revenue growth.
• Chubb recently declared a quarterly dividend of $0.97 per share, yielding 1.4% annually, with a low dividend payout ratio of 17.12% suggesting potential for future increases.

Vantage Point Financial LLC bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,878 shares of the financial services provider's stock, valued at approximately $544,000.

Other hedge funds have also recently modified their holdings of the company. Modern Wealth Management LLC grew its stake in shares of Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock valued at $744,000 after buying an additional 143 shares during the last quarter. Trifecta Capital Advisors LLC grew its stake in shares of Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider's stock valued at $43,000 after buying an additional 130 shares during the last quarter. Jump Financial LLC grew its stake in shares of Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider's stock valued at $2,470,000 after buying an additional 7,065 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock valued at $3,080,000 after buying an additional 5,582 shares during the last quarter. Finally, Davis Rea LTD. bought a new position in Chubb in the first quarter worth approximately $5,117,000. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CB. Weiss Ratings reissued a "buy (b)" rating on shares of Chubb in a research note on Wednesday. Citigroup began coverage on Chubb in a research note on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price objective on the stock. UBS Group dropped their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Barclays increased their target price on Chubb from $298.00 to $310.00 and gave the company an "equal weight" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $306.82.

Chubb Stock Performance

Shares of CB stock opened at $284.13 on Friday. The firm has a market capitalization of $113.28 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 3.23 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average of $276.36 and a 200 day moving average of $282.07. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $5.38 EPS. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a 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%.

Insiders Place Their Bets

In related news, Director Michael Corbat purchased 425 shares of the business's stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company's stock.

About Chubb

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.

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