3,413 Chubb Limited $CB Shares Purchased by Cim Investment Management Inc.

Cim Investment Management Inc. raised its stake in Chubb Limited (NYSE:CB) by 101.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,773 shares of the financial services provider’s stock after buying an additional 3,413 shares during the quarter. Cim Investment Management Inc.’s holdings in Chubb were worth $2,308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CB. IMG Wealth Management Inc. acquired a new stake in shares of Chubb in the 2nd quarter worth about $25,000. Dunhill Financial LLC bought a new position in Chubb in the 2nd quarter worth about $25,000. Parvin Asset Management LLC bought a new position in Chubb in the 2nd quarter worth about $26,000. Highland Investment Advisors LLC acquired a new stake in shares of Chubb in the second quarter valued at approximately $26,000. Finally, Frazier Financial Advisors LLC increased its stake in shares of 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 period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB traded up $0.57 on Tuesday, reaching $331.94. The company’s stock had a trading volume of 1,211,187 shares, compared to its average volume of 1,728,319. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $128.06 billion, a PE ratio of 11.74, a PEG ratio of 1.59 and a beta of 0.37. The firm’s 50 day moving average is $344.28 and its two-hundred day moving average is $335.07.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating the consensus estimate of $6.77 by $0.49. The company had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $6.14 EPS. As a group, sell-side analysts predict that Chubb Limited will post 27.35 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Insider Activity at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CB shares. Cantor Fitzgerald boosted their price objective on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Barclays set a $387.00 target price on Chubb in a research report on Tuesday, July 7th. Piper Sandler lifted their target price on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $400.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $360.77.

About Chubb

Chubb Limited (NYSE: CB) is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers’ compensation, homeowners insurance, automobile coverage, and specialty insurance.