Elser Financial Planning Inc Takes $472,000 Position in Chubb Limited $CB

Key Points

• Elser Financial Planning Inc has acquired a new stake in Chubb Limited valued at approximately $472,000 by purchasing 1,711 shares in the second quarter.
• Chubb's quarterly earnings report revealed an earnings per share (EPS) of $6.14, exceeding analysts' expectations of $5.84, with revenue up 6.3% year-over-year.
• The company has announced a dividend of $0.97 per share to be paid on October 3rd, representing an annualized dividend yield of 1.4%.

Elser Financial Planning Inc acquired a new stake in Chubb Limited (NYSE:CB - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,711 shares of the financial services provider's stock, valued at approximately $472,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Modern Wealth Management LLC raised its position in Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock valued at $744,000 after purchasing an additional 143 shares in the last quarter. Jump Financial LLC lifted its stake in Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider's stock worth $2,470,000 after acquiring an additional 7,065 shares during the last quarter. Legato Capital Management LLC grew its holdings in Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock worth $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Davis Rea LTD. purchased a new stake in shares of Chubb in the 1st quarter valued at approximately $5,117,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Chubb by 3.3% in the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock valued at $13,070,000 after purchasing an additional 1,375 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.9%

Shares of Chubb stock opened at $280.77 on Monday. 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 company has a market capitalization of $111.94 billion, a P/E ratio of 12.39, a PEG ratio of 3.17 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's fifty day moving average is $273.84 and its two-hundred day moving average is $282.55.

Chubb (NYSE:CB - Get Free Report) last released its quarterly 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%.The business's revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $5.38 earnings per share. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Insider Activity at Chubb

In related news, Director Michael Corbat purchased 425 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director directly 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 SEC, which is accessible through this link. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Hsbc Global Res downgraded shares of Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods increased their price objective on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Cantor Fitzgerald raised Chubb to a "hold" rating in a research report on Wednesday, August 13th. Evercore ISI set a $312.00 price target on shares of Chubb in a research note on Wednesday, July 23rd. Finally, Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of "Hold" and a consensus price target of $303.06.

Chubb 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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