Cohen Investment Advisors LLC Has $3.62 Million Position in Chubb Limited $CB

Cohen Investment Advisors LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 3.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,500 shares of the financial services provider’s stock after purchasing an additional 413 shares during the quarter. Chubb comprises 1.9% of Cohen Investment Advisors LLC’s holdings, making the stock its 22nd largest position. Cohen Investment Advisors LLC’s holdings in Chubb were worth $3,622,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Modern Wealth Management LLC raised its stake in Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after acquiring an additional 143 shares in the last quarter. Jump Financial LLC raised its stake in Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after acquiring an additional 7,065 shares in the last quarter. Legato Capital Management LLC raised its stake in Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after acquiring an additional 5,582 shares in the last quarter. Davis Rea LTD. acquired a new position in Chubb during the first quarter worth $5,117,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Chubb by 3.3% during the first quarter. First Horizon Advisors Inc. now owns 43,280 shares of the financial services provider’s stock worth $13,070,000 after purchasing an additional 1,375 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chubb

In related news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction on Friday, July 25th. The shares were purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.77% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $287.17 on Thursday. The business’s 50-day simple moving average is $276.00 and its 200 day simple moving average is $282.12. The stock has a market cap of $114.49 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.26 and a beta of 0.54. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. 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 posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $5.38 earnings per share. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 17.12%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research reports. Barclays raised their target price on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group lowered their target price on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. The Goldman Sachs Group raised their target price on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research note on Monday. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $304.33.

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.