Chubb Limited $CB Shares Bought by Childress Capital Advisors LLC

Childress Capital Advisors LLC increased its position in shares of Chubb Limited (NYSE:CB) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,421 shares of the financial services provider’s stock after purchasing an additional 177 shares during the period. Childress Capital Advisors LLC’s holdings in Chubb were worth $412,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CB. GQG Partners LLC increased its holdings in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Nuveen LLC purchased a new position in Chubb in the first quarter valued at about $562,221,000. Demars Financial Group LLC lifted its position in shares of Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after acquiring an additional 878,177 shares during the period. SG Americas Securities LLC boosted its stake in shares of Chubb by 1,243.9% during the 1st quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider’s stock worth $205,491,000 after acquiring an additional 629,822 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CB has been the subject of several research reports. Morgan Stanley reduced their price objective on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Barclays downgraded Chubb from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Piper Sandler reiterated a “neutral” rating and issued a $283.00 price objective (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Cantor Fitzgerald upgraded shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $303.24.

Insider Activity at Chubb

In related news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Chubb Stock Down 0.2%

CB opened at $281.65 on Thursday. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a 50 day moving average price of $274.24 and a 200 day moving average price of $282.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $112.29 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 3.19 and a beta of 0.54.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) 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 company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the previous year, the firm earned $5.38 earnings per share. Chubb’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 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.