Chubb Limited $CB Position Boosted by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lifted its position in Chubb Limited (NYSE:CB) by 30.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,532 shares of the financial services provider’s stock after buying an additional 832 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Chubb were worth $1,023,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CB. Brighton Jones LLC grew its stake in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $205,000. GAMMA Investing LLC grew its stake in shares of Chubb by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock valued at $2,084,000 after buying an additional 1,258 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Chubb by 183.5% in the 1st quarter. Golden State Wealth Management LLC now owns 1,426 shares of the financial services provider’s stock valued at $431,000 after buying an additional 923 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in shares of Chubb by 12.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 1,494 shares of the financial services provider’s stock valued at $451,000 after buying an additional 166 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $281.86 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.34 and a quick ratio of 0.28. The stock has a fifty day moving average price of $277.65 and a two-hundred day moving average price of $280.86. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The firm has a market capitalization of $112.38 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.87 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same period in the prior year, the company posted $5.72 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio is currently 16.19%.

Analyst Ratings Changes

CB has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 target price (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Wolfe Research upped their price target on Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets reiterated a “market perform” rating and set a $283.00 price target on shares of Chubb in a report on Thursday. Cantor Fitzgerald upgraded Chubb to a “hold” rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company upped their price target on Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $306.16.

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.