Liberty One Investment Management LLC Purchases 6,093 Shares of Chubb Limited $CB

Liberty One Investment Management LLC lifted its holdings in shares of Chubb Limited (NYSE:CBFree Report) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,452 shares of the financial services provider’s stock after acquiring an additional 6,093 shares during the period. Chubb makes up 2.6% of Liberty One Investment Management LLC’s holdings, making the stock its 13th biggest holding. Liberty One Investment Management LLC’s holdings in Chubb were worth $25,244,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. CBIZ Investment Advisory Services LLC raised its holdings in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC lifted its stake in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new position in shares of Chubb during the 1st quarter valued at $29,000. Laurel Wealth Advisors LLC purchased a new stake in Chubb during the fourth quarter valued at about $31,000. Finally, Ares Financial Consulting LLC bought a new position in Chubb in the 4th quarter worth approximately $32,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 2.8%

CB opened at $352.96 on Friday. The business has a 50 day simple moving average of $334.84 and a two-hundred day simple moving average of $326.86. Chubb Limited has a one year low of $264.10 and a one year high of $365.29. The firm has a market capitalization of $136.90 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 1.77 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.36 and a quick ratio of 0.28.

Chubb (NYSE:CBGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company had revenue of $16.01 billion during the quarter, compared to the consensus estimate of $15.07 billion. During the same period in the prior year, the firm earned $6.14 earnings per share. Chubb’s revenue was up 3.6% on a year-over-year basis. Analysts predict that Chubb Limited will post 26.88 EPS for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio (DPR) is 14.43%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. HSBC cut Chubb from a “buy” rating to a “hold” rating and lifted their price target for the company from $370.00 to $373.00 in a research report on Monday, July 6th. Evercore reiterated an “outperform” rating and set a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Morgan Stanley boosted their price target on shares of Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. BMO Capital Markets increased their target price on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Cantor Fitzgerald lifted their price target on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $360.09.

Get Our Latest Research Report on Chubb

Insider Activity

In other news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Key Chubb News

Here are the key news stories impacting Chubb this week:

Chubb Profile

(Free Report)

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

See Also

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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