Chubb Limited $CB Shares Purchased by PDS Planning Inc

PDS Planning Inc boosted its stake in Chubb Limited (NYSE:CB) by 5.0% in the second quarter, Holdings Channel reports. The fund owned 2,693 shares of the financial services provider’s stock after buying an additional 129 shares during the quarter. PDS Planning Inc’s holdings in Chubb were worth $780,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CB. Modern Wealth Management LLC grew its holdings in Chubb by 6.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares in the last quarter. Trifecta Capital Advisors LLC lifted its holdings in Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after buying an additional 130 shares in the last quarter. Jump Financial LLC boosted its position in Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after buying an additional 7,065 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock valued at $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Finally, Davis Rea LTD. purchased a new stake in shares of Chubb during the first quarter worth about $5,117,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of analyst reports. Citigroup initiated coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price target for the company. Wells Fargo & Company increased their target price on Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research note on Wednesday. Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. The Goldman Sachs Group upped their price target on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Chubb has a consensus rating of “Moderate Buy” and an average price target of $306.82.

Chubb Stock Performance

Shares of CB opened at $283.08 on Friday. The stock has a market capitalization of $112.86 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.18 and a beta of 0.54. The business’s fifty day moving average price is $276.67 and its 200 day moving average price is $281.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $12.53 billion. During the same period in the prior year, the company earned $5.38 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business 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 payout ratio is presently 17.12%.

Insider Activity at Chubb

In related news, Director Michael Corbat bought 425 shares of the stock in a transaction dated Friday, July 25th. The stock was bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company’s stock, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.77% of the company’s stock.

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.