Chubb Limited $CB Shares Bought by Trust Point Inc.

Key Points

• Trust Point Inc. increased its stake in Chubb Limited by 80.9%, acquiring an additional 960 shares, bringing its total ownership to 2,146 shares worth approximately $622,000.
• Chubb recently announced a quarterly dividend of $0.97 per share, with a total annualized dividend of $3.88, resulting in a dividend yield of 1.4%.
• The company reported better-than-expected earnings of $6.14 EPS for the quarter, surpassing the consensus estimate of $5.84, alongside a revenue increase of 6.3% compared to the previous year.

Trust Point Inc. increased its position in Chubb Limited (NYSE:CB - Free Report) by 80.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,146 shares of the financial services provider's stock after buying an additional 960 shares during the quarter. Trust Point Inc.'s holdings in Chubb were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peoples Bank KS bought a new position in Chubb during the 1st quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Chubb during the 1st quarter valued at $25,000. North Capital Inc. purchased a new stake in shares of Chubb during the 1st quarter valued at $26,000. IMA Advisory Services Inc. purchased a new stake in shares of Chubb during the 1st quarter valued at $31,000. Finally, 1248 Management LLC purchased a new stake in Chubb in the 1st quarter worth about $31,000. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction on Tuesday, July 1st. The stock was 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 directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Corbat purchased 425 shares of the firm's stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director directly owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.86% of the company's stock.

Chubb Trading Up 0.9%

Shares of NYSE CB traded up $2.47 during trading on Tuesday, reaching $275.47. The stock had a trading volume of 340,632 shares, compared to its average volume of 1,803,706. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. 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 business's 50-day moving average price is $273.62 and its 200-day moving average price is $282.86. The company has a market cap of $109.83 billion, a P/E ratio of 12.16, a PEG ratio of 3.09 and a beta of 0.56.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.Chubb's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $5.38 earnings per share. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be issued a $0.97 dividend. The ex-dividend date 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 17.12%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CB shares. UBS Group dropped their price target on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. Wells Fargo & Company reduced their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. Cantor Fitzgerald raised Chubb to a "hold" rating in a research note on Wednesday, August 13th. Citigroup initiated coverage on Chubb in a report on Wednesday, August 13th. They issued a "buy" rating and a $326.00 target price on the stock. Finally, Hsbc Global Res downgraded Chubb from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $303.06.

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.