Capital Investment Advisors LLC Has $1.59 Million Stock Position in Chubb Limited $CB

Key Points

• Capital Investment Advisors LLC increased its stake in Chubb Limited by 33.5% during the second quarter, holding a position now worth $1.59 million.
• Chubb's quarterly earnings exceeded expectations with an EPS of $6.14, while revenue reached $14.20 billion, surpassing forecasts.
• The company declared a quarterly dividend of $0.97 per share, with an upcoming payout date of October 3rd, reflecting an annual yield of 1.4%.

Capital Investment Advisors LLC grew its position in Chubb Limited (NYSE:CB - Free Report) by 33.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,490 shares of the financial services provider's stock after buying an additional 1,379 shares during the period. Capital Investment Advisors LLC's holdings in Chubb were worth $1,590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in shares of Chubb by 3.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 304,480 shares of the financial services provider's stock valued at $88,214,000 after buying an additional 11,076 shares during the period. Venture Visionary Partners LLC grew its holdings in shares of Chubb by 2.8% in the 2nd quarter. Venture Visionary Partners LLC now owns 37,382 shares of the financial services provider's stock valued at $10,830,000 after buying an additional 1,032 shares during the period. Smith Chas P & Associates PA Cpas grew its holdings in shares of Chubb by 1.4% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 160,856 shares of the financial services provider's stock valued at $46,603,000 after buying an additional 2,151 shares during the period. Elser Financial Planning Inc acquired a new position in shares of Chubb in the 2nd quarter valued at $472,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in shares of Chubb in the 2nd quarter valued at $1,766,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Down 0.2%

Shares of NYSE:CB opened at $281.65 on Thursday. The company's 50-day moving average price is $274.24 and its two-hundred day moving average price is $282.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The stock has a market capitalization of $112.29 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 3.19 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS 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 firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. During the same period in the previous year, the firm posted $5.38 EPS. The company's revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Evercore ISI upped their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday. Cantor Fitzgerald raised shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. UBS Group reduced their target price on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Finally, Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of "Hold" and an average price target of $303.24.

Insider Buying and Selling

In other news, Director Michael Corbat bought 425 shares of the company's stock in a transaction dated Friday, July 25th. The shares were bought 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 in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is owned by company insiders.

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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