Dohj LLC bought a new position 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 bought 1,408 shares of the financial services provider's stock, valued at approximately $401,000.
Several other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Chubb in the first quarter valued at $25,000. North Capital Inc. acquired a new position in Chubb during the first quarter valued at $26,000. IMA Advisory Services Inc. purchased a new stake in Chubb in the 1st quarter worth about $31,000. 1248 Management LLC acquired a new stake in Chubb during the 1st quarter worth about $31,000. Finally, WPG Advisers LLC acquired a new stake in Chubb during the 1st quarter worth about $33,000. 83.81% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Michael Corbat bought 425 shares of the stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.86% of the company's stock.
Chubb Price Performance
NYSE:CB opened at $289.24 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $115.32 billion, a P/E ratio of 12.76, a PEG ratio of 3.23 and a beta of 0.54. The company has a fifty day moving average price of $275.58 and a 200 day moving average price of $282.08. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.
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. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the prior year, the business earned $5.38 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, September 12th. Chubb's dividend payout ratio is 17.12%.
Analysts Set New Price Targets
CB has been the subject of a number of research analyst reports. Cantor Fitzgerald raised shares of Chubb to a "hold" rating in a research report on Wednesday, August 13th. Morgan Stanley lowered their price target on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Evercore ISI lifted their price objective on Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a research report on Wednesday, October 1st. HSBC cut shares of Chubb from a "buy" rating to a "hold" rating and reduced their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Finally, Keefe, Bruyette & Woods boosted their price target on Chubb from $324.00 to $333.00 and gave the stock an "outperform" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $303.72.
Check Out Our Latest Analysis on Chubb
Chubb Company Profile
(
Free Report)
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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