Concurrent Investment Advisors LLC Buys 6,104 Shares of Chubb Limited $CB

Key Points

• Concurrent Investment Advisors LLC increased its stake in Chubb Limited by 46.2%, acquiring an additional 6,104 shares and bringing its total holdings to $5,598,000.
• Chubb has received a variety of ratings from analysts, with two assigning a "Strong Buy" rating and an average target price of $306.82 for the stock.
• The company recently declared a quarterly dividend of $0.97, representing an annualized dividend yield of 1.4%.

Concurrent Investment Advisors LLC boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 46.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,323 shares of the financial services provider's stock after buying an additional 6,104 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Chubb were worth $5,598,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CB. GQG Partners LLC grew its position 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 bought a new position in Chubb during the first quarter valued at about $562,221,000. Demars Financial Group LLC grew its position in 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 valued at $1,884,004,000 after buying an additional 878,177 shares during the period. Ameriprise Financial Inc. grew its position in Chubb by 6.9% during 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 buying an additional 304,751 shares during the period. Finally, Cohen Investment Advisors LLC grew its position in Chubb by 2,408.4% during the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider's stock valued at $88,456,000 after buying an additional 281,234 shares during the period. Institutional investors own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Morgan Stanley cut their target price on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Piper Sandler reiterated a "neutral" rating and set a $283.00 target price (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Jefferies Financial Group increased their target price on shares of Chubb from $295.00 to $297.00 and gave the stock a "hold" rating in a research report on Tuesday, October 7th. Finally, Citigroup assumed coverage on shares of Chubb in a research report on Wednesday, August 13th. They set a "buy" rating and a $326.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Chubb currently has an average rating of "Moderate Buy" and an average price target of $306.82.

Chubb Price Performance

CB stock opened at $283.08 on Monday. The firm has a 50 day moving average of $276.67 and a 200-day moving average of $281.80. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The firm has a market capitalization of $112.86 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.18 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last released 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. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period last year, the business earned $5.38 earnings per share. Chubb's revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Insider Activity at Chubb

In other news, Director Michael Corbat acquired 425 shares of the business's stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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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