Transcend Capital Advisors LLC Acquires 1,455 Shares of Chubb Limited $CB

Transcend Capital Advisors LLC raised its holdings in Chubb Limited (NYSE:CB) by 37.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,293 shares of the financial services provider’s stock after purchasing an additional 1,455 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Chubb were worth $1,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Chubb during the 4th quarter worth approximately $205,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Chubb by 22.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,058 shares of the financial services provider’s stock worth $13,950,000 after purchasing an additional 8,600 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Chubb by 9.1% during the 1st quarter. Golden State Wealth Management LLC now owns 549 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 46 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its holdings in Chubb by 6.9% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 1,648 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.2%

Shares of CB opened at $281.40 on Tuesday. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The business’s fifty day moving average is $277.83 and its 200-day moving average is $280.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34. The firm has a market cap of $112.19 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.82 and a beta of 0.54.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. During the same quarter last year, the company posted $5.72 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on CB shares. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. Barclays lifted their price target on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Morgan Stanley lowered their price objective on Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $307.58.

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.