7,462 Shares in Chubb Limited $CB Acquired by Freedom Day Solutions LLC

Key Points

• Freedom Day Solutions LLC acquired 7,462 shares of Chubb Limited, valued at approximately $2.16 million, in the second quarter, indicating growing institutional interest in the company.
• Chubb announced a quarterly dividend of $0.97 per share, with an annualized yield of 1.4%, reflecting a healthy financial position.
• Despite strong earnings of $6.14 per share that exceeded estimates, Chubb's stock has recently faced a decline of 1.0% in market value.

Freedom Day Solutions LLC purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,462 shares of the financial services provider's stock, valued at approximately $2,162,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Modern Wealth Management LLC lifted its stake in shares of Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock worth $744,000 after acquiring an additional 143 shares during the last quarter. Trifecta Capital Advisors LLC lifted its stake in shares of Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider's stock worth $43,000 after acquiring an additional 130 shares during the last quarter. Jump Financial LLC lifted its stake in shares of Chubb by 633.6% during the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider's stock worth $2,470,000 after acquiring an additional 7,065 shares during the last quarter. Legato Capital Management LLC increased its holdings in Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock worth $3,080,000 after purchasing an additional 5,582 shares during the period. Finally, Davis Rea LTD. purchased a new position in Chubb during the 1st quarter worth $5,117,000. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat bought 425 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were purchased 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 in the company, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Down 1.0%

Shares of CB stock opened at $284.13 on Friday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The stock's fifty day moving average price is $276.36 and its 200 day moving average price is $282.07. 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 company has a market cap 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.

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 the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the previous year, the business earned $5.38 EPS. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on CB shares. Citigroup started coverage on Chubb in a report on Wednesday, August 13th. They set a "buy" rating and a $326.00 price objective on the stock. UBS Group reduced their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Evercore ISI raised their price objective on Chubb from $312.00 to $315.00 and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Wells Fargo & Company raised their price objective on Chubb from $267.00 to $277.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Hsbc Global Res downgraded Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $306.82.

Chubb 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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