IFP Advisors Inc Grows Position in Chubb Limited $CB

Key Points

• IFP Advisors increased its Chubb position by 75.3% in the second quarter, bringing its holdings to 9,346 shares valued at approximately $3.19 million. Institutional investors and hedge funds collectively own 83.81% of Chubb.
• Chubb reported quarterly earnings of $7.26 per share, beating estimates of $6.77, while revenue rose 3.6% year over year. The company declared a quarterly dividend of $1.02 per share, equivalent to a 1.2% annual yield.
• Chubb shares opened at $338.51, below the analyst consensus target of $361.00; analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating. Two company insiders recently sold shares.

IFP Advisors Inc raised its position in Chubb Limited (NYSE:CB - Free Report) by 75.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,346 shares of the financial services provider's stock after acquiring an additional 4,014 shares during the quarter. IFP Advisors Inc's holdings in Chubb were worth $3,185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CB. IMG Wealth Management Inc. purchased a new stake in shares of Chubb during the 2nd quarter worth $25,000. Dunhill Financial LLC acquired a new stake in Chubb in the second quarter valued at $25,000. CBIZ Investment Advisory Services LLC lifted its holdings in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock worth $26,000 after buying an additional 49 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in Chubb during the 2nd quarter worth about $26,000. Finally, Highland Investment Advisors LLC acquired a new position in shares of Chubb during the 2nd quarter worth about $26,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Up 0.3%

CB opened at $338.51 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 52 week low of $265.30 and a 52 week high of $365.91. The business's 50 day moving average is $347.43 and its two-hundred day moving average is $334.75. The firm has a market cap of $130.60 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.61 and a beta of 0.37.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The company's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $6.14 earnings per share. On average, research analysts predict that Chubb Limited will post 27.35 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb's dividend payout ratio is currently 14.43%.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Citizens Jmp reaffirmed a "market outperform" rating and issued a $400.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of Chubb from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, August 27th. Citigroup reissued a "market outperform" rating on shares of Chubb in a report on Wednesday, July 22nd. Finally, HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $370.00 to $373.00 in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus target price of $361.00.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company's stock.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers' compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.

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