Little House Capital LLC Increases Holdings in Chubb Limited $CB

Key Points

• Little House Capital LLC increased its holdings in Chubb Limited by 163.9% in Q2, now owning 6,167 shares valued at approximately $1.79 million.
• Chubb reported earnings per share of $6.14 for the latest quarter, significantly beating estimates, with a revenue of $14.20 billion and a year-over-year revenue increase of 6.3%.
• The company declared a quarterly dividend of $0.97, with a yield of 1.4%, to be paid to investors on October 3rd.

Little House Capital LLC grew its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 163.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,167 shares of the financial services provider's stock after buying an additional 3,830 shares during the period. Little House Capital LLC's holdings in Chubb were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Peoples Bank KS purchased a new stake in Chubb during the 1st quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in Chubb during the 1st quarter worth about $25,000. North Capital Inc. purchased a new stake in Chubb during the 1st quarter worth about $26,000. IMA Advisory Services Inc. acquired a new stake in shares of Chubb during the first quarter worth about $31,000. Finally, 1248 Management LLC acquired a new stake in shares of Chubb during the first quarter worth about $31,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of CB stock opened at $274.03 on Tuesday. The stock has a market capitalization of $109.25 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 3.14 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 stock's 50-day moving average price is $274.26 and its 200 day moving average price is $283.34. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.38 EPS. As a group, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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

Insider Activity

In other Chubb news, Director Michael Corbat bought 425 shares of the company's stock in a transaction on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the transaction, the insider owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CB shares. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research report on Wednesday, August 13th. Piper Sandler reiterated a "neutral" rating and set a $283.00 target price (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Deutsche Bank Aktiengesellschaft cut Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. Finally, Wolfe Research set a $320.00 target price on Chubb and gave the stock an "outperform" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chubb has an average rating of "Hold" and a consensus target price 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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