NorthRock Partners LLC Boosts Stock Position in Chubb Limited $CB

Key Points

• NorthRock Partners LLC increased its holdings in Chubb Limited by 56.4%, owning 4,782 shares worth approximately $1.39 million as of the latest filing.
• Brokerage firms have mixed ratings for Chubb's stock, with a consensus target price of $306.82 and an average rating of "Moderate Buy."
• Chubb recently declared a quarterly dividend of $0.97 per share, representing an annual yield of 1.4%, with a payout ratio of 17.12%.

NorthRock Partners LLC lifted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 56.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,782 shares of the financial services provider's stock after purchasing an additional 1,724 shares during the period. NorthRock Partners LLC's holdings in Chubb were worth $1,389,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CB. Opal Wealth Advisors LLC purchased a new stake in shares of Chubb during the first quarter worth about $25,000. North Capital Inc. purchased a new stake in Chubb in the first quarter worth about $26,000. IMA Advisory Services Inc. purchased a new stake in Chubb in the first quarter worth about $31,000. 1248 Management LLC purchased a new stake in Chubb in the first quarter worth about $31,000. Finally, WPG Advisers LLC purchased a new stake in Chubb in the first quarter worth about $33,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CB. Wells Fargo & Company raised their price objective on shares of Chubb from $267.00 to $277.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 8th. Morgan Stanley lowered their price objective on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. UBS Group lowered their price objective 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. Cantor Fitzgerald upgraded shares of Chubb to a "hold" rating in a report on Wednesday, August 13th. Finally, Evercore ISI raised their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of "Moderate Buy" and a consensus target price of $306.82.

Chubb Price Performance

CB stock opened at $282.42 on Tuesday. The firm has a 50 day moving average price of $276.97 and a 200-day moving average price of $281.70. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The firm has a market capitalization of $112.60 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.18 and a beta of 0.54. 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 released its 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. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period last year, the business earned $5.38 earnings per share. The business's revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors 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 annualized dividend and a dividend yield of 1.4%. Chubb's dividend payout ratio (DPR) is 17.12%.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares of the company's stock, valued at approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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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