Callan Family Office LLC Acquires 4,811 Shares of Chubb Limited $CB

Key Points

• Callan Family Office LLC significantly increased its holdings in Chubb Limited by 122.1%, acquiring an additional 4,811 shares, bringing its total ownership to 8,752 shares valued at approximately $2.54 million.
• Chubb's recent earnings report exceeded expectations, with a reported EPS of $6.14, surpassing analysts' estimates of $5.84 and reflecting a 6.3% increase in revenue year-over-year.
• Following a dividend announcement, Chubb's annualized dividend stands at $3.88 per share, yielding 1.4%, with a payout ratio of 17.12%.

Callan Family Office LLC raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 122.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,752 shares of the financial services provider's stock after acquiring an additional 4,811 shares during the period. Callan Family Office LLC's holdings in Chubb were worth $2,536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. E Fund Management Co. Ltd. raised its position in shares of Chubb by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 36 shares during the last quarter. Rise Advisors LLC raised its position in shares of Chubb by 4.6% during the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock valued at $254,000 after acquiring an additional 37 shares during the last quarter. Avantax Planning Partners Inc. raised its position in shares of Chubb by 5.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 38 shares during the last quarter. Sky Investment Group LLC raised its position in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock valued at $694,000 after acquiring an additional 38 shares during the last quarter. Finally, Lincoln Capital LLC increased its position in shares of Chubb by 0.6% in the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock valued at $2,022,000 after buying an additional 39 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction dated Friday, July 25th. The stock was bought 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 approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by corporate insiders.

Chubb Price Performance

CB stock opened at $283.08 on Friday. The stock has a 50-day moving average price of $276.67 and a two-hundred day moving average price of $281.92. The stock has a market cap of $112.86 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.18 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. 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 earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company's revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.38 EPS. Equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal 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 paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb's dividend payout ratio is currently 17.12%.

Analysts Set New Price Targets

A number of research firms recently commented on CB. Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Hsbc Global Res cut shares of Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Piper Sandler restated a "neutral" rating and issued a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Morgan Stanley lowered their price objective on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Finally, Barclays upped their price objective on shares of Chubb from $298.00 to $310.00 and gave the company an "equal weight" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $306.82.

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.

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