Cwm LLC Has $8.62 Million Holdings in Chubb Limited $CB

Key Points

• Cwm LLC increased its holdings in Chubb Limited by 32.6% during the second quarter, owning 29,750 shares worth approximately $8.62 million at the end of the quarter.
• Chubb recently reported a quarterly earnings per share (EPS) of $6.14, exceeding analysts' expectations, with revenue of $14.20 billion, up 6.3% compared to the previous year.
• The company announced a $0.97 quarterly dividend with an annualized yield of 1.4%, and its dividend payout ratio stands at 17.12%.

Cwm LLC raised its position in shares of Chubb Limited (NYSE:CB - Free Report) by 32.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 29,750 shares of the financial services provider's stock after purchasing an additional 7,318 shares during the quarter. Cwm LLC's holdings in Chubb were worth $8,619,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the 1st quarter worth approximately $25,000. North Capital Inc. bought a new position in shares of Chubb in the 1st quarter worth $26,000. IMA Advisory Services Inc. bought a new position in shares of Chubb in the 1st quarter worth $31,000. 1248 Management LLC bought a new position in shares of Chubb in the 1st quarter worth $31,000. Finally, WPG Advisers LLC bought a new position in shares of Chubb in the 1st quarter worth $33,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Buying and Selling

In other Chubb news, Director Michael Corbat bought 425 shares of the firm's stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of CB opened at $284.60 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $113.47 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth 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 stock's 50-day simple moving average is $277.30 and its 200 day simple moving average is $281.72.

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. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $5.38 earnings per share. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors 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%.

Wall Street Analyst Weigh In

CB has been the topic of several recent analyst reports. Piper Sandler restated a "neutral" rating and set a $283.00 price objective (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Barclays raised their price objective on Chubb from $298.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on Chubb from $324.00 to $333.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Morgan Stanley dropped their price objective on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Finally, The Goldman Sachs Group raised their price objective on Chubb from $299.00 to $303.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $305.28.

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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