Valeo Financial Advisors LLC Has $1.78 Million Stake in Chubb Limited $CB

Key Points

• Valeo Financial Advisors LLC has increased its stake in Chubb Limited by 30.6%, holding 6,149 shares worth $1.78 million as of the recent SEC filing.
• Multiple institutional investors have recently increased their holdings in Chubb, with GQG Partners LLC raising its stake by 112.1% during the first quarter.
• Chubb reported an EPS of $6.14 for the last quarter, exceeding analysts' expectations and reflecting a 6.3% increase in year-over-year revenue.

Valeo Financial Advisors LLC raised its position in Chubb Limited (NYSE:CB - Free Report) by 30.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,149 shares of the financial services provider's stock after purchasing an additional 1,440 shares during the quarter. Valeo Financial Advisors LLC's holdings in Chubb were worth $1,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CB. GQG Partners LLC raised its stake in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Nuveen LLC acquired a new stake in shares of Chubb in the 1st quarter valued at about $562,221,000. Demars Financial Group LLC raised its stake in shares of Chubb by 16.4% in the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock valued at $1,884,004,000 after purchasing an additional 878,177 shares during the period. SG Americas Securities LLC raised its stake in shares of Chubb by 1,243.9% in the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider's stock valued at $205,491,000 after purchasing an additional 629,822 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity at Chubb

In other news, Director Michael Corbat bought 425 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares of the company's stock, 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 SEC, which is accessible through the SEC website. Insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CB shares. Wells Fargo & Company lowered their target price on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Morgan Stanley lowered their target price on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Keefe, Bruyette & Woods lifted their target price on Chubb from $324.00 to $333.00 and gave the company an "outperform" rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their target price on Chubb from $299.00 to $303.00 and gave the company a "neutral" rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Chubb presently has a consensus rating of "Hold" and an average target price of $303.72.

Chubb Trading Up 0.8%

Chubb stock opened at $286.37 on Tuesday. Chubb Limited has a 52 week low of $252.16 and a 52 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 stock has a market capitalization of $114.17 billion, a P/E ratio of 12.63, a PEG ratio of 3.20 and a beta of 0.54. The stock has a 50-day simple moving average of $275.17 and a 200 day simple moving average of $282.03.

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 business had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. During the same quarter last year, the company posted $5.38 earnings per share. Chubb's quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb's dividend payout ratio is presently 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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