OneDigital Investment Advisors LLC Makes New $2.74 Million Investment in Chubb Limited $CB

Key Points

• OneDigital Investment Advisors purchased 8,054 Chubb shares worth approximately $2.74 million during the second quarter. Institutional investors collectively own 83.81% of Chubb’s outstanding stock.
• Chubb reported quarterly EPS of $7.26, beating analyst expectations of $6.77, while revenue increased 3.6% year over year to $11.97 billion.
• Chubb declared a quarterly dividend of $1.02 per share, equivalent to $4.08 annually and a 1.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $360.09.

OneDigital Investment Advisors LLC purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,054 shares of the financial services provider's stock, valued at approximately $2,744,000.

Several other institutional investors have also recently made changes to their positions in CB. Norges Bank bought a new stake in shares of Chubb in the fourth quarter valued at about $1,081,190,000. Bank of New York Mellon Corp purchased a new position in Chubb during the 2nd quarter valued at about $1,042,549,000. Price T Rowe Associates Inc. MD increased its position in Chubb by 25.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider's stock valued at $4,665,508,000 after purchasing an additional 3,049,987 shares during the period. Berkshire Hathaway Inc raised its holdings in shares of Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider's stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Chubb in the 4th quarter worth approximately $795,378,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by insiders.

Chubb Price Performance

Shares of CB opened at $343.80 on Monday. The company has a market cap of $132.64 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $344.31 and a two-hundred day moving average of $332.19.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $6.14 earnings per share. As a group, analysts predict that Chubb Limited will post 27.45 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb's dividend payout ratio (DPR) is presently 14.43%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CB shares. Atlantic Securities set a $301.00 price objective on shares of Chubb in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $354.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Piper Sandler lifted their price target on Chubb from $340.00 to $374.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Cantor Fitzgerald boosted their price target on Chubb from $318.00 to $337.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods boosted their price target on Chubb from $374.00 to $389.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven 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.com, Chubb has a consensus rating of "Hold" and an average price target of $360.09.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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