Chartwell Investment Partners LLC lifted its position in shares of Chubb Ltd (NYSE:CB) by 64.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,000 shares of the financial services provider’s stock after buying an additional 14,500 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Chubb were worth $4,685,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of CB. Lenox Wealth Advisors LLC raised its position in shares of Chubb by 296.3% during the second quarter. Lenox Wealth Advisors LLC now owns 214 shares of the financial services provider’s stock valued at $27,000 after buying an additional 160 shares during the last quarter. Providence Capital Advisors LLC increased its holdings in Chubb by 1,478.6% in the 1st quarter. Providence Capital Advisors LLC now owns 221 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 207 shares during the last quarter. BDO Wealth Advisors LLC lifted its stake in Chubb by 1,144.4% in the 1st quarter. BDO Wealth Advisors LLC now owns 224 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 206 shares in the last quarter. Verus Capital Partners LLC bought a new position in shares of Chubb during the 4th quarter valued at about $39,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Chubb during the first quarter valued at about $31,000. 87.42% of the stock is owned by institutional investors.
CB stock opened at $127.24 on Friday. Chubb Ltd has a twelve month low of $87.35 and a twelve month high of $167.74. The firm has a market cap of $57.43 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.86 and a beta of 0.71. The business’s fifty day simple moving average is $129.08 and its two-hundred day simple moving average is $129.18. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 0.26.
Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 28th. The financial services provider reported ($0.56) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.66) by $0.10. Chubb had a net margin of 6.10% and a return on equity of 5.98%. The firm had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.80 billion. During the same period in the prior year, the business posted $2.60 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts expect that Chubb Ltd will post 6.91 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 19th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, June 18th. This is a positive change from Chubb’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.45%. Chubb’s dividend payout ratio (DPR) is 30.86%.
A number of research firms recently commented on CB. Piper Sandler boosted their target price on Chubb from $131.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 23rd. Raymond James upped their price objective on Chubb from $130.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Bank of America cut their target price on shares of Chubb from $132.00 to $114.00 and set an “underperform” rating for the company in a report on Tuesday, July 7th. Morgan Stanley upped their price target on shares of Chubb from $121.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Finally, Evercore ISI upgraded shares of Chubb from an “in-line” rating to an “outperform” rating and set a $157.00 price objective for the company in a research report on Thursday, July 16th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $147.50.
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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