Simplicity Wealth LLC Purchases 1,316 Shares of Chubb Limited $CB

Simplicity Wealth LLC raised its position in Chubb Limited (NYSE:CB - Free Report) by 194.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,992 shares of the financial services provider's stock after purchasing an additional 1,316 shares during the period. Simplicity Wealth LLC's holdings in Chubb were worth $577,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Chubb during the 1st quarter valued at $25,000. North Capital Inc. purchased a new position in shares of Chubb during the 1st quarter valued at $26,000. IMA Advisory Services Inc. purchased a new position in shares of Chubb during the 1st quarter valued at $31,000. 1248 Management LLC purchased a new position in shares of Chubb during the 1st quarter valued at $31,000. Finally, WPG Advisers LLC purchased a new position in shares of Chubb during the 1st quarter valued at $33,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CB. Wells Fargo & Company decreased their price target on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. HSBC lowered shares of Chubb from a "buy" rating to a "hold" rating and decreased their price target for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Chubb in a report on Saturday, September 27th. Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $321.00 to $298.00 in a report on Monday, July 7th. Finally, Wolfe Research raised shares of Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $303.72.

Chubb Price Performance

CB stock opened at $289.24 on Wednesday. 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 Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The firm's fifty day moving average is $275.58 and its 200 day moving average is $282.08. The firm has a market cap of $115.32 billion, a P/E ratio of 12.76, a P/E/G ratio of 3.23 and a beta of 0.54.

Chubb (NYSE:CB - Get Free Report) last released 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 net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter last year, the firm earned $5.38 EPS. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders 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 yield of 1.3%. Chubb's dividend payout ratio is presently 17.12%.

Insiders Place Their Bets

In other news, Director Michael Corbat purchased 425 shares of the company's stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company's stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by 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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