Archer Investment Corp Buys New Position in Chubb Limited $CB

Key Points

• Archer Investment Corp. acquired a new Chubb position during the second quarter, purchasing 3,627 shares valued at approximately $1.24 million. Institutional investors and hedge funds collectively own 83.81% of Chubb’s stock.
• Analysts maintain a mixed outlook, with Chubb carrying a consensus “Hold” rating and an average price target of $361.00; several firms recently raised their targets, including Keefe, Bruyette & Woods to $389.
• Chubb reported quarterly EPS of $7.26, exceeding estimates by $0.49, while revenue increased 3.6% year over year. The company also declared a quarterly dividend of $1.02 per share, representing a 1.2% yield.

Archer Investment Corp purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,627 shares of the financial services provider's stock, valued at approximately $1,236,000.

Several other institutional investors have also modified their holdings of CB. Dunhill Financial LLC acquired a new position in shares of Chubb in the 2nd quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new position in Chubb in the second quarter valued at about $25,000. CBIZ Investment Advisory Services LLC grew its stake in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Parvin Asset Management LLC acquired a new position in Chubb in the 2nd quarter worth about $26,000. Finally, Frazier Financial Advisors LLC raised its stake in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. Citigroup restated a "market outperform" rating on shares of Chubb in a report on Wednesday, July 22nd. Atlantic Securities set a $301.00 target price on shares of Chubb in a research note on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $340.00 to $370.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Mizuho boosted their price objective on Chubb from $335.00 to $352.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods raised their target price on Chubb from $374.00 to $389.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chubb currently has a consensus rating of "Hold" and a consensus target price of $361.00.

Chubb Stock Up 0.6%

CB stock opened at $340.34 on Friday. The company has a market cap of $131.30 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 1.64 and a beta of 0.39. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The business has a 50 day moving average price of $347.46 and a two-hundred day moving average price of $333.97. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb's revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $6.14 EPS. Analysts anticipate that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb's dividend payout ratio (DPR) is currently 14.43%.

Insider Activity

In other news, Director Michael P. Connors sold 5,500 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at $12,302,860.46. This represents a 20.12% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by 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.

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