Prospera Financial Services Inc Purchases 925 Shares of Chubb Limited $CB

Prospera Financial Services Inc grew its position in Chubb Limited (NYSE:CB) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,413 shares of the financial services provider’s stock after purchasing an additional 925 shares during the quarter. Prospera Financial Services Inc’s holdings in Chubb were worth $7,653,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. bought a new stake in Chubb during the first quarter valued at $31,000. 1248 Management LLC acquired a new position in shares of Chubb in the 1st quarter valued at about $31,000. WPG Advisers LLC bought a new stake in shares of Chubb during the 1st quarter valued at about $33,000. Maseco LLP bought a new stake in shares of Chubb during the 2nd quarter valued at about $35,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in Chubb by 391.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CB shares. Barclays boosted their price target on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Hsbc Global Res downgraded shares of Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Bank of America increased their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. Piper Sandler reaffirmed a “neutral” rating and issued a $283.00 price target (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $307.79.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider owned 90,600 shares in the company, valued at $25,458,600. This trade represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by corporate insiders.

Chubb Stock Performance

CB opened at $287.45 on Friday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a market cap of $113.13 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.74 and a beta of 0.58. The company’s fifty day moving average price is $278.79 and its two-hundred day moving average price is $280.57. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share 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 12.93%. The company had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter in the prior year, the business posted $5.72 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is currently 16.19%.

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.