Divergent Planning LLC Makes New $360,000 Investment in Chubb Limited $CB

Key Points

• Divergent Planning LLC has made a new investment of $360,000 in Chubb Limited, acquiring 1,243 shares in the financial services provider.
• Chubb's recent performance includes a reported EPS of $6.14 for the quarter, exceeding expectations, with revenue of $14.20 billion.
• The company declared a quarterly dividend of $0.97 per share, resulting in an annualized yield of 1.4% for shareholders.

Divergent Planning LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,243 shares of the financial services provider's stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. E Fund Management Co. Ltd. raised its position in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock worth $291,000 after acquiring an additional 36 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock worth $254,000 after purchasing an additional 37 shares during the last quarter. Avantax Planning Partners Inc. lifted its stake in Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 38 shares during the last quarter. Sky Investment Group LLC boosted its holdings in Chubb by 1.6% during the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock worth $694,000 after buying an additional 38 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its position in Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider's stock worth $489,000 after buying an additional 38 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Buying and Selling

In other Chubb news, Director Michael Corbat bought 425 shares of the business's stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CB has been the subject of several research reports. Jefferies Financial Group raised their price objective on Chubb from $295.00 to $297.00 and gave the stock a "hold" rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $324.00 to $333.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Wolfe Research raised shares of Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Citigroup initiated coverage on shares of Chubb in a research report on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price target for the company. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Chubb in a research report on Wednesday, October 8th. Two 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 issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $305.28.

Chubb Trading Down 0.0%

Shares of CB stock opened at $268.16 on Tuesday. The firm has a market capitalization of $106.91 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm's fifty day simple moving average is $277.34 and its 200 day simple moving average is $280.85. 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 (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. During the same quarter in the prior year, the firm posted $5.38 EPS. The company's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a dividend of $0.97 per share. 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 is 17.12%.

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.

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.