4,055 Shares in Chubb Limited $CB Bought by One Wealth Advisors LLC

Key Points

• One Wealth Advisors acquired 4,055 Chubb shares worth approximately $1.38 million in the second quarter, while institutional investors collectively own 83.81% of the company.
• Chubb reported quarterly EPS of $7.26, exceeding estimates of $6.77, with revenue of $11.97 billion and year-over-year revenue growth of 3.6%.
• The company declared a quarterly dividend of $1.02, equivalent to $4.08 annually and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $360.09.

One Wealth Advisors LLC acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,055 shares of the financial services provider's stock, valued at approximately $1,382,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc increased its stake in Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider's stock worth $10,689,855,000 after buying an additional 2,916,288 shares in the last quarter. State Street Corp boosted its stake in shares of Chubb by 0.4% in the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider's stock worth $4,827,852,000 after acquiring an additional 68,553 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider's stock worth $4,665,508,000 after acquiring an additional 3,049,987 shares during the last quarter. GQG Partners LLC increased its position in shares of Chubb by 15.2% during the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider's stock worth $3,895,627,000 after purchasing an additional 1,647,729 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock worth $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 0.2%

NYSE CB opened at $343.80 on Friday. The business's fifty day simple moving average is $344.31 and its 200-day simple moving average is $331.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market cap of $132.64 billion, a PE ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the prior year, the firm posted $6.14 earnings per share. Chubb's quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb's dividend payout ratio is 14.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CB shares. Jefferies Financial Group decreased their price objective on Chubb from $356.00 to $352.00 and set a "hold" rating on the stock in a report on Thursday, April 23rd. UBS Group upped their target price on shares of Chubb from $340.00 to $369.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. Morgan Stanley increased their target price on shares of Chubb from $330.00 to $340.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and raised their price target for the stock from $370.00 to $373.00 in a research note on Monday, July 6th. Finally, Piper Sandler boosted their price target on shares of Chubb from $340.00 to $374.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of "Hold" and a consensus target price of $360.09.

Insider Buying and Selling

In other news, COO John W. Keogh sold 23,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

About Chubb

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.

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source