Signal Advisors Wealth LLC Acquires New Position in Chubb Limited $CB

Key Points

• Signal Advisors Wealth LLC has acquired 6,408 shares of Chubb Limited, valued at approximately $1,857,000, as per their recent 13F filing.
• Chubb's quarterly earnings report revealed $6.14 earnings per share for the quarter, exceeding analysts’ expectations of $5.84.
• The firm has announced a quarterly dividend of $0.97, which will be paid on October 3rd, translating to an annualized yield of 1.4%.

Signal Advisors Wealth LLC purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,408 shares of the financial services provider's stock, valued at approximately $1,857,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Peoples Bank KS bought a new position in shares of Chubb during the 1st quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new stake in Chubb in the first quarter worth about $25,000. North Capital Inc. bought a new stake in Chubb in the first quarter worth about $26,000. IMA Advisory Services Inc. bought a new stake in Chubb in the first quarter worth about $31,000. Finally, 1248 Management LLC purchased a new position in shares of Chubb during the first quarter worth approximately $31,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Corbat bought 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, for a total transaction of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company's stock, valued at $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Evercore ISI set a $312.00 target price on shares of Chubb in a research report on Wednesday, July 23rd. Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $321.00 to $298.00 in a report on Monday, July 7th. Morgan Stanley dropped their price objective on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Hsbc Global Res lowered shares of Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Chubb currently has a consensus rating of "Hold" and a consensus target price of $303.06.

Chubb Stock Down 0.1%

Shares of Chubb stock traded down $0.28 during trading on Friday, hitting $274.00. 3,627,677 shares of the stock were exchanged, compared to its average volume of 1,736,191. The stock has a market cap of $109.24 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.56. The firm's 50-day moving average price is $273.76 and its 200 day moving average price is $283.01. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. During the same period in the previous year, the company earned $5.38 earnings per share. Chubb's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, 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 will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb's payout ratio is 17.12%.

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.