RoundAngle Advisors LLC Boosts Holdings in Chubb Limited $CB

RoundAngle Advisors LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 8.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,450 shares of the financial services provider’s stock after purchasing an additional 351 shares during the quarter. RoundAngle Advisors LLC’s holdings in Chubb were worth $1,289,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Chubb during the 1st quarter worth about $25,000. North Capital Inc. purchased a new stake in shares of Chubb during the 1st quarter worth about $26,000. IMA Advisory Services Inc. purchased a new stake in shares of Chubb during the 1st quarter worth about $31,000. 1248 Management LLC purchased a new stake in shares of Chubb during the 1st quarter worth about $31,000. Finally, WPG Advisers LLC acquired a new position in Chubb during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, Director Michael Corbat purchased 425 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CB. Cantor Fitzgerald raised Chubb to a “hold” rating in a research report on Wednesday, August 13th. Evercore ISI upped their price target on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group upped their price target on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Morgan Stanley dropped their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Finally, Citigroup began coverage on Chubb in a research report on Wednesday, August 13th. They set a “buy” rating and a $326.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Moderate Buy” and an average target price of $306.82.

Chubb Price Performance

Shares of CB opened at $283.08 on Monday. The company has a market cap of $112.86 billion, a P/E ratio of 12.49, a PEG ratio of 3.18 and a beta of 0.54. The stock has a fifty day moving average price of $276.67 and a 200 day moving average price of $281.80. 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 quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $5.38 EPS. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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