Chubb Limited $CB Shares Bought by Peterson Wealth Services

Peterson Wealth Services grew its stake in Chubb Limited (NYSE:CB) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,291 shares of the financial services provider’s stock after purchasing an additional 247 shares during the period. Peterson Wealth Services’ holdings in Chubb were worth $3,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Modern Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 143 shares during the period. Trifecta Capital Advisors LLC increased its holdings in Chubb by 764.7% in the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares in the last quarter. Jump Financial LLC raised its position in shares of Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after acquiring an additional 7,065 shares during the period. Legato Capital Management LLC boosted its stake in shares of Chubb by 120.9% during the 1st quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Finally, Davis Rea LTD. acquired a new stake in shares of Chubb during the 1st quarter valued at about $5,117,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

CB stock opened at $281.86 on Friday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. 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 firm has a market capitalization of $112.38 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The business has a 50 day simple moving average of $277.65 and a 200-day simple moving average of $280.86.

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

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors 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 of this dividend was Friday, September 12th. Chubb’s payout ratio is presently 16.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CB shares. Evercore ISI upped their price target on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Friday. Citigroup initiated coverage on shares of Chubb in a research note on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Finally, Morgan Stanley cut their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $306.16.

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.