GC Wealth Management RIA LLC Buys 5,951 Shares of Chubb Limited $CB

Key Points

• GC Wealth Management RIA LLC increased its stake in Chubb Limited by 52.2%, acquiring an additional 5,951 shares during the second quarter, bringing its total holdings to 17,346 shares valued at $5,025,000.
• Chubb's recent earnings report showed earnings per share of $6.14, exceeding analyst expectations of $5.84, with a revenue of $14.20 billion for the quarter, up 6.3% year-over-year.
• The company also announced a quarterly dividend of $0.97 per share, which will be paid to stockholders of record, contributing to an annualized dividend payout of $3.88 and a yield of 1.4%.

GC Wealth Management RIA LLC increased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 52.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,346 shares of the financial services provider's stock after acquiring an additional 5,951 shares during the period. GC Wealth Management RIA LLC's holdings in Chubb were worth $5,025,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Peoples Bank KS acquired a new stake in shares of Chubb in the first quarter worth $25,000. Opal Wealth Advisors LLC bought a new position in Chubb in the 1st quarter worth $25,000. North Capital Inc. bought a new position in Chubb in the 1st quarter worth $26,000. IMA Advisory Services Inc. acquired a new position in Chubb during the 1st quarter worth $31,000. Finally, 1248 Management LLC bought a new stake in Chubb during the first quarter valued at about $31,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CB. Keefe, Bruyette & Woods lifted their price objective on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Wells Fargo & Company dropped their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Morgan Stanley cut their price target on Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Finally, UBS Group reduced their price target on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $303.06.

Chubb Trading Up 0.9%

Shares of CB stock opened at $280.77 on Monday. The firm has a fifty day moving average of $273.84 and a 200-day moving average of $282.55. The stock has a market cap of $111.94 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 3.17 and a beta of 0.56. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share 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 for the quarter, compared to analysts' expectations of $12.53 billion. During the same quarter in the previous year, the firm posted $5.38 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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 dividend payout ratio is presently 17.12%.

Insider Activity at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the stock in a transaction on Tuesday, July 1st. The stock was 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 directly owned 91,180 shares in the company, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Corbat acquired 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, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. 0.86% of the stock is owned by company insiders.

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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