Chicago Partners Investment Group LLC Acquires 1,335 Shares of Chubb Limited $CB

Key Points

• Chicago Partners Investment Group LLC increased its stake in Chubb Limited by 56.9% during the second quarter, now holding 3,680 shares valued at approximately $994,000.
• A significant number of hedge funds have also bought more shares of Chubb, with GQG Partners LLC's holdings increasing by 112.1%, now owning nearly 9.4 million shares worth about $2.83 billion.
• Chubb's most recent earnings report showed an earnings per share of $6.14, exceeding analysts' expectations and reflecting a 6.3% year-over-year revenue growth of $14.20 billion during the quarter.

Chicago Partners Investment Group LLC increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 56.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,680 shares of the financial services provider's stock after acquiring an additional 1,335 shares during the period. Chicago Partners Investment Group LLC's holdings in Chubb were worth $994,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GQG Partners LLC increased its holdings in Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after buying an additional 4,964,298 shares during the period. Nuveen LLC acquired a new position in Chubb during the 1st quarter valued at about $562,221,000. Ameriprise Financial Inc. increased its position in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock valued at $1,418,398,000 after buying an additional 304,751 shares in the last quarter. Cohen Investment Advisors LLC grew its stake in Chubb by 2,408.4% during the 1st quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider's stock valued at $88,456,000 after purchasing an additional 281,234 shares during the last quarter. Finally, Citigroup Inc. grew its stake in Chubb by 79.0% during the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider's stock valued at $190,745,000 after purchasing an additional 278,697 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on CB shares. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research note on Wednesday, August 13th. Jefferies Financial Group increased their price target on Chubb from $295.00 to $297.00 and gave the stock a "hold" rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their target price on Chubb from $324.00 to $333.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Evercore ISI increased their price target on Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chubb presently has a consensus rating of "Hold" and a consensus price target of $305.28.

Chubb Trading Down 0.0%

Shares of NYSE CB opened at $268.16 on Tuesday. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. 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 stock has a fifty day simple moving average of $277.34 and a 200-day simple moving average of $280.85. The stock has a market capitalization of $106.91 billion, a PE ratio of 11.83, a PEG ratio of 3.02 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The business 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 period in the previous year, the firm posted $5.38 earnings per share. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Transactions at Chubb

In related news, Director Michael Corbat bought 425 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company's stock.

About Chubb

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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