Chubb Limited $CB Shares Purchased by Roundview Capital LLC

Roundview Capital LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,698 shares of the financial services provider’s stock after buying an additional 74 shares during the period. Roundview Capital LLC’s holdings in Chubb were worth $2,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GQG Partners LLC lifted its position in Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after buying an additional 4,964,298 shares in the last quarter. Demars Financial Group LLC lifted its position in shares of Chubb by 16.4% during the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after purchasing an additional 878,177 shares in the last quarter. 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 worth $1,418,398,000 after purchasing an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Chubb by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after purchasing an additional 30,334 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Chubb during the first quarter worth $562,221,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CB. Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research report on Wednesday, August 13th. Citigroup began coverage on shares of Chubb in a research report on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research report on Monday. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Wells Fargo & Company reduced their target price on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $303.72.

Chubb Stock Up 1.0%

Chubb stock opened at $289.24 on Wednesday. The company has a 50-day simple moving average of $275.58 and a 200-day simple moving average of $282.08. The firm has a market capitalization of $115.32 billion, a P/E ratio of 12.76, a P/E/G ratio of 3.23 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

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

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio is currently 17.12%.

Insider Activity at Chubb

In related news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

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.