Venture Visionary Partners LLC Grows Position in Chubb Limited $CB

Key Points

• Venture Visionary Partners LLC has increased its holdings in Chubb Limited by 2.8%, now owning 37,382 shares worth approximately $10.83 million.
• Chubb's latest earnings surpassed expectations, with an EPS of $6.14 and revenues of $14.2 billion, reflecting a 6.3% year-over-year growth.
• Analyst ratings for Chubb are mixed, with two "Strong Buy," five "Buy," eleven "Hold," and one "Sell," while the consensus rating is a "Hold" with an average target price of $303.06.

Venture Visionary Partners LLC lifted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,382 shares of the financial services provider's stock after purchasing an additional 1,032 shares during the quarter. Venture Visionary Partners LLC's holdings in Chubb were worth $10,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Modern Wealth Management LLC grew its position in Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider's stock valued at $744,000 after acquiring an additional 143 shares in the last quarter. Jump Financial LLC grew its position in Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider's stock valued at $2,470,000 after acquiring an additional 7,065 shares in the last quarter. Legato Capital Management LLC grew its position in Chubb by 120.9% in the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider's stock valued at $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Davis Rea LTD. acquired a new position in Chubb in the 1st quarter valued at about $5,117,000. Finally, First Horizon Advisors Inc. grew its position in Chubb by 3.3% in the 1st quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider's stock valued at $13,070,000 after acquiring an additional 1,375 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CB. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research note on Wednesday, August 13th. UBS Group decreased their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Citigroup started coverage on Chubb in a research note on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $303.06.

Insider Activity at Chubb

In other news, Director Michael Corbat purchased 425 shares of the business's stock in a transaction 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 transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Chubb Price Performance

CB stock opened at $280.77 on Monday. The business has a 50 day moving average price of $273.84 and a 200 day moving average price of $282.55. The stock has a market cap of $111.94 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 3.17 and a beta of 0.56. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. 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 (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to analysts' expectations of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.38 earnings per share. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 annualized dividend and a 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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