Comprehensive Financial Consultants Institutional Inc. Has $4.71 Million Holdings in Chubb Limited $CB

Comprehensive Financial Consultants Institutional Inc. trimmed its stake in Chubb Limited (NYSE:CB) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,246 shares of the financial services provider’s stock after selling 227 shares during the period. Chubb comprises approximately 1.5% of Comprehensive Financial Consultants Institutional Inc.’s investment portfolio, making the stock its 12th biggest position. Comprehensive Financial Consultants Institutional Inc.’s holdings in Chubb were worth $4,707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CB. E Fund Management Co. Ltd. boosted its position in shares of Chubb by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 36 shares in the last quarter. Rise Advisors LLC increased its stake in Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock valued at $254,000 after buying an additional 37 shares during the last quarter. Avantax Planning Partners Inc. increased its stake in Chubb by 5.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider’s stock valued at $236,000 after buying an additional 38 shares during the last quarter. Sky Investment Group LLC increased its stake in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 38 shares during the last quarter. Finally, Lincoln Capital LLC increased its stake in shares of Chubb by 0.6% during the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider’s stock worth $2,022,000 after purchasing an additional 39 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat acquired 425 shares of the company’s stock in a transaction on 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 purchase, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by insiders.

Analyst Ratings Changes

CB has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price objective (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and cut their price target for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $303.24.

Chubb Trading Up 0.9%

NYSE:CB opened at $283.99 on Monday. The stock has a market cap of $113.22 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 3.20 and a beta of 0.54. The company’s 50 day moving average price is $274.76 and its 200-day moving average price is $282.06. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $12.53 billion. During the same period last year, the firm earned $5.38 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders 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 of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

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.