Opal Capital LLC Acquires Shares of 4,260 Chubb Limited $CB

Opal Capital LLC acquired a new stake in Chubb Limited (NYSE:CB) during the first quarter, Holdings Channel.com reports. The firm acquired 4,260 shares of the financial services provider’s stock, valued at approximately $1,388,000.

Other institutional investors have also modified their holdings of the company. Cherry Tree Wealth Management LLC increased its holdings in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after buying an additional 31 shares during the last quarter. Phillips Wealth Planners LLC raised its stake in Chubb by 1.8% in the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after buying an additional 31 shares in the last quarter. Hoxton Planning & Management LLC lifted its holdings in Chubb by 4.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after buying an additional 31 shares during the last quarter. Wright Investors Service Inc. lifted its holdings in Chubb by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 34 shares during the last quarter. Finally, G&S Capital LLC boosted its position in shares of Chubb by 1.5% during the 4th quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 34 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CB. UBS Group increased their price objective on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Mizuho upped their price target on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Piper Sandler increased their price target on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Atlantic Securities set a $301.00 price objective on shares of Chubb in a report on Wednesday, July 15th. Finally, Jefferies Financial Group cut their price objective on shares of Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $360.09.

Chubb Stock Up 1.4%

CB opened at $363.94 on Wednesday. The business’s 50-day simple moving average is $336.80 and its 200-day simple moving average is $327.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.36. Chubb Limited has a one year low of $264.10 and a one year high of $365.29. The stock has a market capitalization of $141.16 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.79 and a beta of 0.40.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $6.14 EPS. Analysts anticipate that Chubb Limited will post 27.26 EPS for the current year.

Chubb Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $1.02 dividend. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, June 12th. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.