Pure Financial Advisors LLC Invests $281,000 in Chubb Limited $CB

Key Points

• Pure Financial Advisors LLC invested approximately $281,000 in Chubb Limited, acquiring 969 shares of the company.
• Chubb's stock saw mixed ratings from analysts, with a consensus rating of "Hold" and a price target of $303.24.
• The company recently reported an earnings per share (EPS) of $6.14 for the last quarter, exceeding analysts’ expectations of $5.84, and announced a quarterly dividend of $0.97 per share.

Pure Financial Advisors LLC bought a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 969 shares of the financial services provider's stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb in the first quarter worth $25,000. North Capital Inc. purchased a new stake in Chubb during the 1st quarter worth $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb in the 1st quarter valued at $31,000. 1248 Management LLC purchased a new position in Chubb in the first quarter valued at about $31,000. Finally, WPG Advisers LLC acquired a new position in shares of Chubb during the first quarter worth about $33,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CB shares. Hsbc Global Res lowered Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Cantor Fitzgerald upgraded shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a research note on Tuesday, September 16th. Finally, Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $321.00 to $298.00 in a report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $303.24.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat purchased 425 shares of the firm's stock in a transaction dated 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 purchase, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is owned by insiders.

Chubb Stock Up 0.9%

CB stock opened at $283.99 on Friday. The stock has a market cap of $113.22 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. The firm's 50-day simple moving average is $274.76 and its 200 day simple moving average is $282.15. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two 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.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping 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 analysts' expectations of $12.53 billion. During the same quarter in the prior year, the firm earned $5.38 EPS. Chubb's quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid 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 yield of 1.4%. Chubb's payout ratio is presently 17.12%.

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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