Chubb Limited $CB Shares Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,623 shares of the financial services provider’s stock after acquiring an additional 170 shares during the period. Stonebridge Financial Group LLC’s holdings in Chubb were worth $4,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Brighton Jones LLC grew its holdings in Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Chubb during the fourth quarter worth about $205,000. Farther Finance Advisors LLC grew its holdings in Chubb by 6.3% during the first quarter. Farther Finance Advisors LLC now owns 4,005 shares of the financial services provider’s stock worth $1,207,000 after acquiring an additional 239 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Chubb by 4.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,561 shares of the financial services provider’s stock worth $1,981,000 after acquiring an additional 265 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Chubb by 22.3% during the first quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock worth $2,084,000 after acquiring an additional 1,258 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael Corbat acquired 425 shares of Chubb stock in a transaction that occurred 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 transaction, the director owned 2,450 shares in the company, valued at $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group raised their price objective on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a report on Tuesday. Citigroup assumed coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price objective on the stock. Piper Sandler reissued a “neutral” rating and issued a $283.00 price objective (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. The Goldman Sachs Group raised their price objective on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a report on Monday. Finally, HSBC lowered Chubb from a “buy” rating to a “hold” rating and dropped their price objective for the company from $317.00 to $300.00 in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Chubb has a consensus rating of “Moderate Buy” and a consensus price target of $306.82.

Chubb Stock Performance

Shares of NYSE:CB opened at $284.13 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The business’s 50 day moving average price is $276.36 and its 200-day moving average price is $282.07. The firm has a market capitalization of $113.28 billion, a PE ratio of 12.53, a P/E/G ratio of 3.23 and a beta of 0.54. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors 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 dividend on an annualized basis and a yield of 1.4%. Chubb’s dividend payout ratio (DPR) is presently 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.