Beverly Hills Private Wealth LLC Increases Holdings in Chubb Limited $CB

Beverly Hills Private Wealth LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 305.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,909 shares of the financial services provider’s stock after buying an additional 3,698 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Chubb were worth $1,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. North Capital Inc. purchased a new stake in Chubb in the 1st quarter worth about $26,000. IMA Advisory Services Inc. purchased a new stake in Chubb in the 1st quarter worth about $31,000. 1248 Management LLC purchased a new stake in Chubb in the 1st quarter worth about $31,000. WPG Advisers LLC purchased a new stake in Chubb in the 1st quarter worth about $33,000. Finally, Maseco LLP purchased a new stake in Chubb in the 2nd quarter worth about $35,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael Corbat acquired 425 shares of the business’s stock in a transaction on 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 acquisition, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Morgan Stanley dropped their target price 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. Wells Fargo & Company upped their target price on shares of Chubb from $267.00 to $277.00 and gave the stock 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 note on Friday, August 1st. Finally, Bank of America upped 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. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $305.28.

Chubb Price Performance

Shares of NYSE CB opened at $268.15 on Monday. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a market cap of $106.91 billion, a PE ratio of 11.83, a P/E/G ratio of 3.02 and a beta of 0.54. 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 business has a 50-day simple moving average of $277.40 and a two-hundred day simple moving average of $280.94.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the previous year, the firm posted $5.38 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 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.