Trivium Point Advisory LLC Acquires 1,965 Shares of Chubb Limited $CB

Key Points

• Trivium Point Advisory LLC increased its stake in Chubb Limited by 163.3% in Q2, acquiring an additional 1,965 shares, resulting in total holdings valued at $918,000.
• Chubb recently posted an EPS of $6.14 for the latest quarter, exceeding expectations and showing a revenue increase of 6.3% year-over-year to $14.20 billion.
• The company declared a quarterly dividend of $0.97 per share, with a payout ratio of 17.12%, representing an annualized yield of 1.4%.

Trivium Point Advisory LLC boosted its position in Chubb Limited (NYSE:CB - Free Report) by 163.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,168 shares of the financial services provider's stock after purchasing an additional 1,965 shares during the quarter. Trivium Point Advisory LLC's holdings in Chubb were worth $918,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Chubb in the 1st quarter valued at $25,000. North Capital Inc. bought a new stake in Chubb in the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new stake in Chubb in the 1st quarter valued at $31,000. 1248 Management LLC bought a new stake in Chubb in the 1st quarter valued at $31,000. Finally, WPG Advisers LLC bought a new stake in Chubb in the 1st quarter valued at $33,000. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Evercore ISI set a $312.00 price objective on Chubb in a report on Wednesday, July 23rd. Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $321.00 to $298.00 in a report on Monday, July 7th. Finally, Wolfe Research raised Chubb to a "strong-buy" rating in a report on Tuesday, September 16th. Two investment 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $303.06.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat purchased 425 shares of the 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 acquisition, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company's stock.

Chubb Price Performance

Chubb stock opened at $282.15 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 stock has a market capitalization of $112.49 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 3.16 and a beta of 0.56. The stock has a fifty day moving average of $274.00 and a 200-day moving average of $282.44.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.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 firm earned $5.38 EPS. Chubb's revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Chubb 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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