Smith Chas P & Associates PA Cpas Has $46.60 Million Stake in Chubb Limited $CB

Key Points

• Smith Chas P & Associates PA Cpas increased its stake in Chubb Limited to $46.60 million, comprising 2.6% of its portfolio, after acquiring an additional 2,151 shares in the second quarter.
• Chubb recently declared a quarterly dividend of $0.97, representing an annualized yield of 1.4% and a payout ratio of 17.12%.
• Chubb's latest earnings report showed earnings per share of $6.14, surpassing analysts' estimates, with a revenue of $14.20 billion for the quarter, a 6.3% increase year-over-year.

Smith Chas P & Associates PA Cpas lifted its stake in Chubb Limited (NYSE:CB - Free Report) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 160,856 shares of the financial services provider's stock after purchasing an additional 2,151 shares during the quarter. Chubb comprises 2.6% of Smith Chas P & Associates PA Cpas' portfolio, making the stock its 10th biggest holding. Smith Chas P & Associates PA Cpas' holdings in Chubb were worth $46,603,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after acquiring an additional 221 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Chubb in the 4th quarter valued at $205,000. Two Sigma Advisers LP increased its position in shares of Chubb by 83.8% during the fourth quarter. Two Sigma Advisers LP now owns 2,413 shares of the financial services provider's stock worth $667,000 after acquiring an additional 1,100 shares during the period. Versant Capital Management Inc lifted its position in shares of Chubb by 34.6% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the financial services provider's stock worth $224,000 after purchasing an additional 191 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Chubb by 2.2% during the first quarter. Parallel Advisors LLC now owns 6,217 shares of the financial services provider's stock valued at $1,877,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

Shares of NYSE CB opened at $280.77 on Monday. The company has a market capitalization of $111.94 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 3.17 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The company's fifty day moving average price is $273.84 and its 200 day moving average price is $282.55. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $12.53 billion. During the same quarter in the previous year, the company earned $5.38 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. HSBC lowered Chubb from a "buy" rating to a "hold" rating and lowered their target price for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research note on Wednesday, August 13th. Evercore ISI set a $312.00 target price on Chubb in a research note on Wednesday, July 23rd. Wolfe Research upgraded shares of Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Finally, Hsbc Global Res lowered Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $303.06.

Insider Activity

In other news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares in the company, valued at $26,447,670.80. The trade was a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

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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