Chubb Limited $CB Shares Purchased by Mirador Capital Partners LP

Key Points

• Mirador Capital Partners LP increased its position in Chubb Limited by 10.2%, owning approximately 19,557 shares valued at $5,666,000 as of the latest SEC filing.
• Chubb recently reported earnings of $6.14 per share, exceeding the analysts' consensus estimate of $5.84, with revenue of $14.20 billion for the quarter, marking a 6.3% increase year-over-year.
• The company declared a quarterly dividend of $0.97, which will be paid to shareholders on October 3rd, providing an annualized yield of 1.4%.

Mirador Capital Partners LP lifted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,557 shares of the financial services provider's stock after purchasing an additional 1,814 shares during the period. Chubb comprises 0.9% of Mirador Capital Partners LP's portfolio, making the stock its 26th largest position. Mirador Capital Partners LP's holdings in Chubb were worth $5,666,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Peoples Bank KS acquired a new position in Chubb in the 1st quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Chubb in the first quarter worth about $25,000. North Capital Inc. acquired a new position in shares of Chubb in the first quarter worth about $26,000. IMA Advisory Services Inc. acquired a new position in shares of Chubb in the 1st quarter valued at approximately $31,000. Finally, 1248 Management LLC acquired a new position in shares of Chubb in the 1st quarter valued at approximately $31,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. Deutsche Bank Aktiengesellschaft lowered Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. HSBC lowered shares of Chubb from a "buy" rating to a "hold" rating and cut their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Wolfe Research began coverage on Chubb in a research note on Monday. They set an "outperform" rating and a $320.00 price objective on the stock. Finally, Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $303.06.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Corbat bought 425 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was bought 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 in the company, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.86% of the company's stock.

Chubb Stock Down 0.8%

Shares of CB stock opened at $272.05 on Wednesday. The business's fifty day moving average is $274.10 and its 200-day moving average is $283.26. The stock has a market cap of $108.46 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 3.09 and a beta of 0.56. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

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 for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.Chubb's revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $5.38 earnings per share. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

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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