Stokes Capital Advisors LLC Grows Stake in Chubb Limited $CB

Stokes Capital Advisors LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,774 shares of the financial services provider’s stock after buying an additional 535 shares during the period. Chubb makes up about 1.9% of Stokes Capital Advisors LLC’s portfolio, making the stock its 20th biggest holding. Stokes Capital Advisors LLC’s holdings in Chubb were worth $7,757,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CB. E Fund Management Co. Ltd. lifted its stake 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 acquiring an additional 36 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of 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 acquiring an additional 37 shares during the period. Sunflower Bank N.A. increased its holdings in shares of Chubb by 4.4% in the 1st quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 38 shares during the period. Avantax Planning Partners Inc. increased its holdings in shares of 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 acquiring an additional 38 shares during the period. Finally, Lincoln Capital LLC grew its stake in 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 buying an additional 39 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research note on Wednesday, August 13th. Morgan Stanley lowered their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Wolfe Research started coverage on Chubb in a research report on Monday. They set an “outperform” rating and a $320.00 price target for the company. Deutsche Bank Aktiengesellschaft cut Chubb from a “buy” rating to a “hold” rating and set a $303.00 price target for the company. in a research report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods lifted their price target on Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $303.06.

Insider Buying and Selling

In related news, Director Michael Corbat purchased 425 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider owned 91,180 shares of the company’s stock, valued at $26,447,670.80. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Chubb Price Performance

NYSE:CB opened at $272.05 on Wednesday. The stock has a 50 day moving average of $274.10 and a two-hundred day moving average of $283.26. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The firm has a market cap of $108.46 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 3.09 and a beta of 0.56. 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 (NYSE:CB) last announced its 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. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. During the same quarter in the prior year, the firm earned $5.38 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio is presently 17.12%.

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.