AXQ Capital LP Buys Shares of 6,589 Chubb Limited $CB

Key Points

• AXQ Capital bought 6,589 Chubb shares during the second quarter, valued at approximately $2.25 million. Institutional investors collectively own 83.81% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $361.00; individual targets range from $352 to $387.
• Chubb exceeded quarterly EPS expectations, reporting $7.26 versus the $6.77 consensus estimate, and declared a quarterly dividend of $1.02 per share, equivalent to a 1.2% annualized yield.

AXQ Capital LP purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,589 shares of the financial services provider's stock, valued at approximately $2,245,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in Chubb in the 2nd quarter valued at about $25,000. Dunhill Financial LLC bought a new position in Chubb during the second quarter worth about $25,000. Parvin Asset Management LLC purchased a new stake in shares of Chubb during the 2nd quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after buying an additional 49 shares in the last quarter. Finally, Frazier Financial Advisors LLC boosted its holdings in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after buying an additional 38 shares during the period. Institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $340.00 to $370.00 and gave the company a "neutral" rating in a research note on Monday, July 20th. Barclays set a $387.00 price target on Chubb in a report on Tuesday, July 7th. Evercore reiterated an "outperform" rating and issued a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Mizuho raised their target price on Chubb from $335.00 to $352.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company reduced their target price on Chubb from $358.00 to $356.00 and set an "equal weight" rating for the company in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of "Hold" and a consensus target price of $361.00.

Insider Transactions at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company's stock, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 33,749 shares of the company's stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company's stock.

Chubb Price Performance

CB stock opened at $341.16 on Friday. The firm has a 50 day simple moving average of $348.27 and a two-hundred day simple moving average of $334.45. The stock has a market cap of $131.62 billion, a PE ratio of 12.07, a P/E/G ratio of 1.66 and a beta of 0.37. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $15.07 billion. During the same quarter last year, the company posted $6.14 EPS. The business's quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Chubb Limited will post 27.35 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Chubb Profile

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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