Leavell Investment Management Inc. Acquires 143 Shares of Chubb Limited $CB

Leavell Investment Management Inc. raised its stake in shares of Chubb Limited (NYSE:CB) by 6.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,460 shares of the financial services provider’s stock after purchasing an additional 143 shares during the period. Leavell Investment Management Inc.’s holdings in Chubb were worth $715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CB. GQG Partners LLC lifted its stake in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Chubb in the first quarter valued at about $562,221,000. Ameriprise Financial Inc. lifted its position in shares of Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares in the last quarter. Cohen Investment Advisors LLC boosted its holdings in Chubb by 2,408.4% during the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock worth $88,456,000 after purchasing an additional 281,234 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Chubb by 79.0% during the first quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after purchasing an additional 278,697 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CB has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. Evercore ISI upped their price objective on Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Chubb in a research note on Friday. Finally, Piper Sandler reissued a “neutral” rating and issued a $283.00 price target (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $306.42.

Chubb Stock Down 0.4%

Shares of NYSE CB opened at $281.86 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.34 and a quick ratio of 0.28. The stock has a market capitalization of $112.38 billion, a PE ratio of 11.76, a P/E/G ratio of 2.82 and a beta of 0.54. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The business’s fifty day moving average price is $277.65 and its 200-day moving average price is $280.88.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $14.87 billion for the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.72 EPS. On average, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 16.19%.

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.