waypoint wealth counsel Buys Shares of 1,356 Chubb Limited $CB

Key Points

• Waypoint Wealth Counsel has acquired 1,356 shares of Chubb Limited, valued at approximately $393,000, during the second quarter as per its recent SEC filing.
• Chubb reported earnings of $6.14 per share for the last quarter, exceeding the consensus estimate, with revenue increasing by 6.3% year over year.
• The company has announced a quarterly dividend of $0.97, representing an annualized yield of 1.4% and a payout ratio of 17.12%.

waypoint wealth counsel acquired a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,356 shares of the financial services provider's stock, valued at approximately $393,000.

Other institutional investors also recently bought and sold shares of the company. E Fund Management Co. Ltd. increased its holdings in shares of Chubb by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 36 shares during the period. Rise Advisors LLC grew its stake in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock valued at $254,000 after purchasing an additional 37 shares during the last quarter. Avantax Planning Partners Inc. grew its stake in Chubb by 5.1% in the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 38 shares during the last quarter. Sky Investment Group LLC grew its stake in Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock valued at $694,000 after purchasing an additional 38 shares during the last quarter. Finally, Lincoln Capital LLC grew its stake in Chubb by 0.6% in the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock valued at $2,022,000 after purchasing an additional 39 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CB. Wells Fargo & Company lifted their price objective on shares of Chubb from $267.00 to $277.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on Chubb from $324.00 to $333.00 and gave the stock an "outperform" rating in a research report on Monday, October 6th. Wolfe Research raised Chubb to a "strong-buy" rating in a research report on Tuesday, September 16th. Jefferies Financial Group boosted their target price on Chubb from $295.00 to $297.00 and gave the stock a "hold" rating in a research note on Tuesday, October 7th. Finally, Citigroup initiated coverage on Chubb in a research note on Wednesday, August 13th. They set a "buy" rating and a $326.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $306.82.

Chubb Price Performance

Shares of CB opened at $283.08 on Friday. The firm has a market capitalization of $112.86 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.18 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company's fifty day moving average price is $276.67 and its 200-day moving average price is $281.92.

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

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a $0.97 dividend. The ex-dividend date 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 currently 17.12%.

Insider Buying and Selling

In other news, Director Michael Corbat bought 425 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

About Chubb

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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