Chubb Limited $CB Shares Acquired by Equitable Trust Co.

Key Points

• Equitable Trust Co. increased its stake in Chubb Limited shares by 31.1% during Q2, acquiring an additional 2,304 shares, valued at $2,814,000 by the end of the reporting period.
• Chubb reported $6.14 earnings per share for the last quarter, exceeding the consensus estimate of $5.84, with revenue of $14.20 billion compared to an anticipated $12.53 billion.
• The company declared a quarterly dividend of $0.97 per share, yielding 1.4%, indicating a dividend payout ratio of 17.12%.

Equitable Trust Co. raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 31.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,714 shares of the financial services provider's stock after purchasing an additional 2,304 shares during the quarter. Equitable Trust Co.'s holdings in Chubb were worth $2,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CB. GQG Partners LLC increased its stake in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock worth $2,836,899,000 after acquiring an additional 4,964,298 shares during the period. Nuveen LLC acquired a new stake in shares of Chubb in the first quarter worth $562,221,000. Demars Financial Group LLC increased its stake in shares of Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock worth $1,418,398,000 after acquiring an additional 304,751 shares during the period. Finally, Cohen Investment Advisors LLC increased its stake in shares of Chubb by 2,408.4% in the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider's stock worth $88,456,000 after acquiring an additional 281,234 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Performance

CB opened at $284.60 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market cap of $113.47 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.15 and a beta of 0.54. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The firm's fifty day simple moving average is $277.30 and its two-hundred day simple moving average is $281.72.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $5.38 earnings per share. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 annualized dividend 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 currently 17.12%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore ISI increased their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 1st. The Goldman Sachs Group increased their price target on shares of Chubb from $299.00 to $303.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Citigroup started coverage on shares of Chubb in a report on Wednesday, August 13th. They set a "buy" rating and a $326.00 price target on the stock. Morgan Stanley lowered their price target on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Finally, Hsbc Global Res downgraded shares of Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $305.28.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Corbat purchased 425 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.86% of the company's stock.

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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