Impact Capital Partners LLC Boosts Stock Holdings in Chubb Limited $CB

Impact Capital Partners LLC grew its position in shares of Chubb Limited (NYSE:CB) by 1.9% during the second quarter, Holdings Channel.com reports. The fund owned 5,864 shares of the financial services provider’s stock after purchasing an additional 110 shares during the quarter. Impact Capital Partners LLC’s holdings in Chubb were worth $1,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Opal Wealth Advisors LLC purchased a new stake in Chubb during the first quarter worth about $25,000. North Capital Inc. bought a new stake in Chubb in the first quarter worth about $26,000. IMA Advisory Services Inc. bought a new stake in Chubb in the first quarter worth about $31,000. 1248 Management LLC bought a new stake in Chubb in the first quarter worth about $31,000. Finally, WPG Advisers LLC bought a new stake in Chubb in the first quarter worth about $33,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chubb

In related news, Director Michael Corbat purchased 425 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wolfe Research raised shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. UBS Group dropped their price objective on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a report on Wednesday, August 13th. Morgan Stanley dropped their price objective on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $303.06.

Chubb Trading Up 0.9%

Shares of CB opened at $282.15 on Wednesday. The business’s 50-day moving average price is $274.00 and its 200-day moving average price is $282.44. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The stock has a market cap of $112.49 billion, a PE ratio of 12.45, a P/E/G ratio of 3.16 and a beta of 0.56. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.30. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. During the same period in the prior year, the business posted $5.38 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb’s dividend payout ratio is currently 17.12%.

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.