5,181 Shares in Chubb Limited $CB Acquired by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd acquired 5,181 shares of Chubb Limited valued at approximately $1.5 million, indicating strong institutional interest in the firm.
• Chubb reported $6.14 earnings per share for the last quarter, exceeding analysts' expectations of $5.84 and showing a 6.3% revenue increase year-over-year.
• Chubb announced a quarterly dividend of $0.97 per share, reflecting an annualized yield of 1.4% and a payout ratio of 17.12%.

S Bank Fund Management Ltd acquired a new position in Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,181 shares of the financial services provider's stock, valued at approximately $1,501,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Brighton Jones LLC lifted its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC bought a new stake in Chubb in the fourth quarter worth approximately $205,000. GAMMA Investing LLC increased its holdings in Chubb by 22.3% in the first quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider's stock worth $2,084,000 after purchasing an additional 1,258 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Chubb by 9.4% in the first quarter. Exchange Traded Concepts LLC now owns 3,541 shares of the financial services provider's stock worth $1,069,000 after purchasing an additional 305 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in Chubb in the first quarter worth approximately $660,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat bought 425 shares of the firm's stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares of the company's stock, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by corporate insiders.

Chubb Stock Performance

NYSE:CB opened at $278.71 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The firm has a market cap of $111.12 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 3.20 and a beta of 0.54. The business's fifty day moving average is $277.49 and its 200 day moving average is $281.70.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for 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 company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $5.38 EPS. Research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb's dividend payout ratio is currently 17.12%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on Chubb from $276.00 to $279.00 and gave the company an "underperform" rating in a report on Monday. UBS Group cut their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Jefferies Financial Group lifted their target price on Chubb from $295.00 to $297.00 and gave the company a "hold" rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lifted their target price on Chubb from $321.00 to $327.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on Chubb from $324.00 to $333.00 and gave the stock an "outperform" rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $305.28.

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.

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