MGO One Seven LLC Purchases 1,042 Shares of Chubb Limited $CB

MGO One Seven LLC increased its stake in Chubb Limited (NYSE:CB - Free Report) by 15.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,584 shares of the financial services provider's stock after acquiring an additional 1,042 shares during the period. MGO One Seven LLC's holdings in Chubb were worth $2,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. boosted its position in shares of Chubb by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after buying an additional 36 shares during the period. Rise Advisors LLC raised its stake in shares of Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock valued at $254,000 after acquiring an additional 37 shares in the last quarter. Avantax Planning Partners Inc. raised its stake in shares of Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 38 shares in the last quarter. Sky Investment Group LLC raised its stake in shares of Chubb by 1.6% during the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock valued at $694,000 after acquiring an additional 38 shares in the last quarter. Finally, Lincoln Capital LLC raised its stake in shares of Chubb by 0.6% during the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock valued at $2,022,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CB shares. Cantor Fitzgerald raised shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. Barclays lifted their price target on shares of Chubb from $298.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. Citigroup started coverage on shares of Chubb in a research note on Wednesday, August 13th. They set a "buy" rating and a $326.00 price target for the company. Bank of America lifted their price target on shares of Chubb from $276.00 to $279.00 and gave the company an "underperform" rating in a research note on Monday. Finally, HSBC downgraded shares of Chubb from a "buy" rating to a "hold" rating and decreased their price target for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $305.28.

Chubb Stock Performance

Shares of NYSE:CB opened at $284.60 on Wednesday. The company has a market capitalization of $113.47 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 3.15 and a beta of 0.54. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $277.30 and a 200 day moving average of $281.72.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.38 earnings per share. On average, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was 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

In other Chubb news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction dated Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.86% of the company's stock.

About Chubb

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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