Ascent Group LLC Buys 1,220 Shares of Chubb Limited $CB

Ascent Group LLC boosted its stake in Chubb Limited (NYSE:CB) by 26.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,760 shares of the financial services provider’s stock after buying an additional 1,220 shares during the quarter. Ascent Group LLC’s holdings in Chubb were worth $1,669,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Corbat purchased 425 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CB has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. UBS Group cut their price target on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a report on Saturday, September 27th. Hsbc Global Res lowered shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, Morgan Stanley reduced their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $303.24.

Chubb Price Performance

CB stock opened at $283.99 on Monday. The firm has a 50 day moving average of $274.76 and a 200-day moving average of $282.06. The firm has a market capitalization of $113.22 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. 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 posted its earnings results 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. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.38 EPS. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio is currently 17.12%.

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.