Chubb Limited $CB Shares Acquired by Bill Few Associates Inc.

Bill Few Associates Inc. grew its position in Chubb Limited (NYSE:CB) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 791 shares of the financial services provider’s stock after buying an additional 40 shares during the quarter. Bill Few Associates Inc.’s holdings in Chubb were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb in the first quarter valued at $25,000. North Capital Inc. acquired a new stake in shares of Chubb in the first quarter valued at $26,000. IMA Advisory Services Inc. acquired a new stake in shares of Chubb in the first quarter valued at $31,000. 1248 Management LLC acquired a new stake in shares of Chubb in the first quarter valued at $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Chubb in the first quarter valued at $33,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.4%

Shares of NYSE CB opened at $283.08 on Monday. The company has a market capitalization of $112.86 billion, a price-to-earnings 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. The business has a 50-day moving average of $276.67 and a two-hundred day moving average of $281.80. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion during 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%.Chubb’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $5.38 EPS. On average, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

CB has been the subject of a number of recent research reports. UBS Group decreased their target price on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Jefferies Financial Group lifted their target price on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a report on Tuesday, October 7th. Citigroup initiated coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price for the company. Piper Sandler reiterated a “neutral” rating and issued a $283.00 target price (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $306.82.

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.