Philip James Wealth Mangement LLC Has $4.27 Million Stock Position in Chubb Limited $CB

Key Points

• Philip James Wealth Management LLC increased its stake in Chubb Limited by 191.9% during Q2, acquiring a total of 14,754 shares valued at approximately $4.27 million.
• Chubb reported a quarterly earnings per share of $6.14, exceeding analysts' estimates of $5.84, on revenues of $14.20 billion.
• Chubb plans to pay a quarterly dividend of $0.97 on October 3rd, achieving a 1.4% yield with a payout ratio of 17.12%.

Philip James Wealth Mangement LLC grew its position in shares of Chubb Limited (NYSE:CB - Free Report) by 191.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,754 shares of the financial services provider's stock after acquiring an additional 9,700 shares during the quarter. Philip James Wealth Mangement LLC's holdings in Chubb were worth $4,274,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. E Fund Management Co. Ltd. grew its position in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 36 shares during the last quarter. Rise Advisors LLC grew its position in Chubb by 4.6% in 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 during the last quarter. Sunflower Bank N.A. grew its position in Chubb by 4.4% in the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock valued at $273,000 after acquiring an additional 38 shares during the last quarter. Avantax Planning Partners Inc. grew its position in Chubb by 5.1% in 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 during the last quarter. Finally, Sky Investment Group LLC grew its position in Chubb by 1.6% in 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 during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Buying and Selling

In related news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, 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 position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Evercore ISI lifted their target price on Chubb from $312.00 to $315.00 and gave the company an "outperform" rating in a research report on Wednesday. Morgan Stanley decreased their target price on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. HSBC cut Chubb from a "buy" rating to a "hold" rating and reduced their price target for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Finally, Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $321.00 to $298.00 in a research note on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chubb presently has an average rating of "Hold" and an average price target of $303.24.

Chubb Stock Performance

Shares of CB stock opened at $281.65 on Thursday. The business's 50 day simple moving average is $274.24 and its 200 day simple moving average is $282.44. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The stock has a market capitalization of $112.29 billion, a PE ratio of 12.42, a PEG ratio of 3.19 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

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

Chubb Announces Dividend

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

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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