Pure Financial Advisors LLC acquired a new stake in shares of Chubb Limited (NYSE:CB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,118 shares of the financial services provider's stock, valued at approximately $1,063,000.
Other hedge funds have also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in Chubb in the 2nd quarter worth $25,000. Dunhill Financial LLC purchased a new position in Chubb during the second quarter valued at $25,000. CBIZ Investment Advisory Services LLC lifted its holdings in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. Frazier Financial Advisors LLC grew its position in shares of Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 38 shares during the period. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chubb during the first quarter worth about $29,000. Hedge funds and other institutional investors own 83.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on CB shares. Citigroup reaffirmed a "market outperform" rating on shares of Chubb in a research note on Wednesday, July 22nd. Weiss Ratings raised Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, June 29th. Mizuho raised their target price on Chubb from $335.00 to $352.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Barclays set a $387.00 price target on Chubb in a research note on Tuesday, July 7th. 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 research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $361.00.
View Our Latest Analysis on CB
Insiders Place Their Bets
In other news, Director Michael P. Connors sold 5,500 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director directly owned 12,803 shares in the company, valued at $4,417,035. This trade represents a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This trade 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 corporate insiders.
Chubb Price Performance
CB stock opened at $344.08 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The business has a 50 day simple moving average of $346.84 and a 200-day simple moving average of $333.88. The firm has a market capitalization of $132.75 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91.
Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts' consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $6.14 earnings per share. Equities research analysts anticipate that Chubb Limited will post 27.49 earnings per share for the current fiscal year.
Chubb Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $1.02 per share. 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%.
About Chubb
(
Free Report)
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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