Berger Financial Group Inc Purchases 96 Shares of Chubb Limited $CB

Berger Financial Group Inc grew its position in shares of Chubb Limited (NYSE:CB) by 0.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 21,667 shares of the financial services provider’s stock after acquiring an additional 96 shares during the period. Berger Financial Group Inc’s holdings in Chubb were worth $6,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in Chubb during the first quarter valued at $25,000. North Capital Inc. bought a new position in shares of Chubb in the 1st quarter worth about $26,000. IMA Advisory Services Inc. bought a new position in shares of Chubb in the 1st quarter worth about $31,000. 1248 Management LLC purchased a new position in Chubb during the 1st quarter valued at about $31,000. Finally, WPG Advisers LLC bought a new stake in Chubb during the first quarter worth about $33,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CB shares. Evercore ISI lifted their target price on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. HSBC cut Chubb from a “buy” rating to a “hold” rating and cut their target price for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Barclays lowered Chubb from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. Finally, Morgan Stanley cut their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $303.24.

Insider Activity at Chubb

In other news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The stock was bought 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 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is owned by insiders.

Chubb Price Performance

CB opened at $283.99 on Friday. The company’s 50-day simple moving average is $274.76 and its two-hundred day simple moving average is $282.15. 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 $113.22 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.20 and a beta of 0.54. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91.

Chubb (NYSE:CB) last released its quarterly earnings data 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 firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $5.38 earnings per share. As a group, analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) 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.