Chubb Limited $CB Shares Purchased by Bartlett & CO. Wealth Management LLC

Key Points

• Bartlett & CO. Wealth Management LLC increased its holdings in Chubb Limited by 0.5%, owning approximately $69.84 million worth of shares after acquiring an additional 1,140 shares in the second quarter.
• Chubb reported a 6.3% year-over-year increase in quarterly revenue, reaching $14.20 billion, and beat analysts' earnings expectations with an EPS of $6.14 compared to the consensus estimate of $5.84.
• The company's recent dividend announcement includes a quarterly payment of $0.97 per share, reflecting an annualized dividend of $3.88 and a dividend yield of 1.4%.

Bartlett & CO. Wealth Management LLC raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,365 shares of the financial services provider's stock after acquiring an additional 1,140 shares during the quarter. Bartlett & CO. Wealth Management LLC owned approximately 0.06% of Chubb worth $69,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. GQG Partners LLC grew its stake in Chubb by 112.1% in the 1st 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 purchased a new position in shares of Chubb during the 1st quarter worth $562,221,000. Demars Financial Group LLC boosted its holdings in shares of Chubb by 16.4% during 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 purchasing an additional 878,177 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Chubb by 1,243.9% in the first quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider's stock valued at $205,491,000 after purchasing an additional 629,822 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE CB opened at $282.15 on Wednesday. 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 firm has a 50-day moving average of $274.00 and a two-hundred day moving average of $282.44. The company has a market capitalization of $112.49 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 3.16 and a beta of 0.56.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be given 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 is Friday, September 12th. Chubb's dividend payout ratio (DPR) is 17.12%.

Insider Activity

In other news, Director Michael Corbat purchased 425 shares of the business's stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and dropped their price objective for the company from $317.00 to $300.00 in a research note on Friday, August 1st. UBS Group dropped their price target on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $321.00 to $298.00 in a report on Monday, July 7th. Evercore ISI set a $312.00 price objective on Chubb in a report on Wednesday, July 23rd. Finally, Cantor Fitzgerald raised Chubb to a "hold" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chubb currently has an average rating of "Hold" and an average price target of $303.06.

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.

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.