Global Assets Advisory LLC Makes New $255,000 Investment in Chubb Limited $CB

Key Points

• Global Assets Advisory LLC has made a new investment of $255,000 in Chubb Limited, acquiring 881 shares of the company in the second quarter.
• Chubb recently reported an earnings per share of $6.14, exceeding analyst expectations, along with a revenue of $14.20 billion for the quarter.
• The company announced a quarterly dividend of $0.97 per share, representing an annualized yield of 1.4%.

Global Assets Advisory LLC bought a new stake in shares of Chubb Limited (NYSE:CB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 881 shares of the financial services provider's stock, valued at approximately $255,000.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $205,000. RDA Financial Network acquired a new stake in shares of Chubb in the first quarter valued at about $215,000. Miracle Mile Advisors LLC lifted its stake in shares of Chubb by 55.6% in the first quarter. Miracle Mile Advisors LLC now owns 9,941 shares of the financial services provider's stock worth $3,002,000 after buying an additional 3,551 shares in the last quarter. Finally, OLD National Bancorp IN boosted its position in Chubb by 4.3% during the first quarter. OLD National Bancorp IN now owns 4,213 shares of the financial services provider's stock worth $1,272,000 after acquiring an additional 172 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael Corbat purchased 425 shares of the company's stock in a transaction on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.86% of the stock is currently owned by company insiders.

Chubb Trading Up 0.8%

Shares of Chubb stock opened at $286.37 on Tuesday. The stock has a 50 day moving average of $275.17 and a 200 day moving average of $282.03. 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 firm has a market capitalization of $114.17 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 3.20 and a beta of 0.54. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.38 earnings per share. As a group, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb's dividend payout ratio (DPR) is 17.12%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Chubb to a "hold" rating in a report on Wednesday, August 13th. Wolfe Research upgraded Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price target on Chubb from $324.00 to $333.00 and gave the company an "outperform" rating in a report on Monday. UBS Group lowered their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Finally, HSBC cut Chubb from a "buy" rating to a "hold" rating and dropped their target price for the company from $317.00 to $300.00 in a report on Friday, August 1st. Two 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $303.72.

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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