Vanguard Personalized Indexing Management LLC Purchases 12,784 Shares of Chubb Limited $CB

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Chubb Limited by 28.4%, acquiring an additional 12,784 shares in the second quarter, bringing its total holdings to 57,794 shares valued at approximately $16.75 million.
• Chubb's recent quarterly earnings beat analyst expectations, with earnings per share of $6.14 and revenues of $14.20 billion, showing a year-over-year revenue growth of 6.3%.
• Chubb's stock currently has an average rating of "Moderate Buy" from analysts, with a consensus price target of $306.82.

Vanguard Personalized Indexing Management LLC grew its position in Chubb Limited (NYSE:CB - Free Report) by 28.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,794 shares of the financial services provider's stock after purchasing an additional 12,784 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Chubb were worth $16,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC boosted its position in shares of Chubb by 46.2% in the second quarter. Concurrent Investment Advisors LLC now owns 19,323 shares of the financial services provider's stock worth $5,598,000 after purchasing an additional 6,104 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of Chubb by 12.5% in the second quarter. Johnson Investment Counsel Inc. now owns 15,742 shares of the financial services provider's stock worth $4,561,000 after purchasing an additional 1,743 shares during the period. waypoint wealth counsel bought a new position in shares of Chubb in the second quarter worth approximately $393,000. Apollon Wealth Management LLC boosted its position in shares of Chubb by 2.3% in the second quarter. Apollon Wealth Management LLC now owns 21,742 shares of the financial services provider's stock worth $6,299,000 after purchasing an additional 498 shares during the period. Finally, Natural Investments LLC boosted its position in shares of Chubb by 5.8% in the second quarter. Natural Investments LLC now owns 3,091 shares of the financial services provider's stock worth $895,000 after purchasing an additional 169 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other Chubb news, Director Michael Corbat purchased 425 shares of the firm's stock in a transaction that occurred on 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 purchase, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CB. Citigroup began coverage on shares of Chubb in a research report on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price target for the company. HSBC lowered shares of Chubb from a "buy" rating to a "hold" rating and dropped their target price for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Jefferies Financial Group upped their target price on shares of Chubb from $295.00 to $297.00 and gave the stock a "hold" rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $321.00 to $327.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Chubb in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $306.82.

Chubb Price Performance

Chubb stock opened at $283.08 on Friday. The company has a market cap of $112.86 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.18 and a beta of 0.54. The firm's fifty day moving average is $276.67 and its 200 day moving average is $281.92. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly 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 company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb's revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.38 earnings per share. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

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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