Chubb Limited $CB Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC raised its position in Chubb Limited (NYSE:CB) by 30.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 907 shares of the financial services provider’s stock after acquiring an additional 211 shares during the quarter. Parcion Private Wealth LLC’s holdings in Chubb were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CB. North Capital Inc. acquired a new position in shares of Chubb during the first quarter valued at approximately $26,000. IMA Advisory Services Inc. acquired a new position in shares of Chubb during the first quarter valued at approximately $31,000. 1248 Management LLC acquired a new position in shares of Chubb during the first quarter valued at approximately $31,000. WPG Advisers LLC acquired a new position in shares of Chubb during the first quarter valued at approximately $33,000. Finally, Maseco LLP acquired a new position in shares of Chubb during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael Corbat acquired 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.77% of the company’s stock.

Chubb Trading Up 2.7%

Chubb stock opened at $276.47 on Thursday. The company has a 50 day moving average price of $277.36 and a 200 day moving average price of $280.74. Chubb Limited has a 52 week low of $252.16 and a 52 week 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 firm has a market capitalization of $110.23 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 3.03 and a beta of 0.54.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 13.23%. The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same quarter last year, the business posted $5.72 EPS. The company’s revenue was up 7.5% on a year-over-year basis. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors 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 dividend on an annualized basis and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. UBS Group lowered their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Jefferies Financial Group raised their price objective on shares of Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday. Finally, Evercore ISI lifted their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $305.28.

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.