Chubb Limited $CB Shares Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its stake in shares of Chubb Limited (NYSE:CB) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 59,668 shares of the financial services provider’s stock after acquiring an additional 711 shares during the period. Pittenger & Anderson Inc.’s holdings in Chubb were worth $17,287,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. North Capital Inc. acquired a new position in Chubb during the first quarter worth about $26,000. IMA Advisory Services Inc. purchased a new stake in Chubb during the 1st quarter valued at about $31,000. 1248 Management LLC purchased a new stake in Chubb during the 1st quarter valued at about $31,000. WPG Advisers LLC purchased a new stake in Chubb during the 1st quarter valued at about $33,000. Finally, Maseco LLP purchased a new stake in Chubb during the 2nd quarter valued at about $35,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

Chubb stock opened at $268.16 on Tuesday. The firm has a 50 day simple moving average of $277.34 and a 200-day simple moving average of $280.85. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $106.91 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

Chubb (NYSE:CB) last posted its quarterly earnings data 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. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $5.38 EPS. On average, analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. Barclays upped their price objective on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a research note on Wednesday, October 8th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group upped their price objective on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Two equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $305.28.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat acquired 425 shares of the 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 transaction, 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

Chubb Company 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.