Relyea Zuckerberg Hanson LLC Has $1.24 Million Position in Chubb Limited $CB

Relyea Zuckerberg Hanson LLC decreased its stake in shares of Chubb Limited (NYSE:CB) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,264 shares of the financial services provider’s stock after selling 125 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Chubb were worth $1,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GQG Partners LLC lifted its stake in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after buying an additional 4,964,298 shares during the last quarter. 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. Ameriprise Financial Inc. increased its holdings in Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Chubb by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock valued at $840,756,000 after acquiring an additional 30,334 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Chubb during the 1st quarter worth $562,221,000. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CB. Hsbc Global Res cut shares of Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. UBS Group dropped their price target on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and cut their target price for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Citigroup began coverage on shares of Chubb in a report on Wednesday, August 13th. They set a “buy” rating and a $326.00 price objective for the company. Finally, Evercore ISI lifted their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus price target of $303.24.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction dated Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company’s stock, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Chubb Trading Up 0.9%

CB stock opened at $283.99 on Monday. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. 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’s 50 day moving average price is $274.76 and its two-hundred day moving average price is $282.06. The company has a market capitalization of $113.22 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion during 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 firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.38 EPS. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is presently 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.