Callahan Advisors LLC Increases Stake in Chubb Limited $CB

Key Points

• Callahan Advisors LLC increased its stake in Chubb Limited by 2.3% during the 2nd quarter, now holding 93,676 shares worth approximately $27.14 million.
• Chubb reported quarterly earnings of $6.14 per share, exceeding analyst estimates by $0.30, with revenue of $14.20 billion for the quarter.
• The company recently announced a quarterly dividend of $0.97 per share, representing a 1.4% yield, with a dividend payout ratio of 17.12%.

Callahan Advisors LLC grew its stake in Chubb Limited (NYSE:CB - Free Report) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,676 shares of the financial services provider's stock after buying an additional 2,086 shares during the quarter. Chubb accounts for about 2.4% of Callahan Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Callahan Advisors LLC's holdings in Chubb were worth $27,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Brighton Jones LLC increased its holdings in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Chubb during the fourth quarter worth about $205,000. GAMMA Investing LLC boosted its position in shares of Chubb by 22.3% during the first quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider's stock worth $2,084,000 after buying an additional 1,258 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Chubb by 9.4% during the first quarter. Exchange Traded Concepts LLC now owns 3,541 shares of the financial services provider's stock worth $1,069,000 after buying an additional 305 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in Chubb in the 1st quarter valued at approximately $660,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

NYSE CB opened at $278.71 on Thursday. The firm has a market capitalization of $111.12 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm's fifty day moving average price is $277.49 and its two-hundred day moving average price is $281.70. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data 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 net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same period in the previous year, the business earned $5.38 EPS. Chubb's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Chubb from $321.00 to $327.00 and gave the stock a "neutral" rating in a research report on Thursday, October 9th. The Goldman Sachs Group boosted their price objective on shares of Chubb from $299.00 to $303.00 and gave the stock a "neutral" rating in a research report on Monday, October 6th. Bank of America increased their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an "underperform" rating in a report on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of Chubb in a research note on Wednesday, October 8th. Finally, Barclays increased their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $305.28.

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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