Impact Capital Partners LLC Has $1.70 Million Holdings in Chubb Limited $CB

Impact Capital Partners LLC raised its position in shares of Chubb Limited (NYSE:CB) by 1.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,864 shares of the financial services provider’s stock after purchasing an additional 110 shares during the quarter. Impact Capital Partners LLC’s holdings in Chubb were worth $1,699,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Chubb during the 1st quarter valued at approximately $25,000. North Capital Inc. acquired a new stake in Chubb during the 1st quarter valued at approximately $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb during the 1st quarter valued at approximately $31,000. 1248 Management LLC bought a new position in shares of Chubb during the 1st quarter worth approximately $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Chubb during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $282.15 on Wednesday. The firm has a market capitalization of $112.49 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 3.16 and a beta of 0.56. The firm has a fifty day simple moving average of $274.00 and a two-hundred day simple moving average of $282.44. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.38 EPS. Analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be 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 is Friday, September 12th. Chubb’s payout ratio is currently 17.12%.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company reduced their target price on Chubb from $285.00 to $267.00 and set an “equal weight” rating for the company in a research note on Thursday, July 24th. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Finally, HSBC lowered Chubb from a “buy” rating to a “hold” rating and cut their price target for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $303.06.

Insider Transactions at Chubb

In other news, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction on Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by corporate insiders.

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.