SPC Financial Inc. Has $4.18 Million Stake in Chubb Limited $CB

SPC Financial Inc. trimmed its stake in shares of Chubb Limited (NYSE:CB) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,433 shares of the financial services provider’s stock after selling 226 shares during the period. SPC Financial Inc.’s holdings in Chubb were worth $4,182,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. CWM LLC increased its stake in Chubb by 32.6% in the 2nd quarter. CWM LLC now owns 29,750 shares of the financial services provider’s stock valued at $8,619,000 after buying an additional 7,318 shares during the last quarter. Advocate Group LLC increased its stake in Chubb by 0.5% in the 2nd quarter. Advocate Group LLC now owns 24,055 shares of the financial services provider’s stock valued at $6,969,000 after buying an additional 112 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Chubb by 28.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after buying an additional 12,784 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in Chubb by 46.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 19,323 shares of the financial services provider’s stock valued at $5,598,000 after buying an additional 6,104 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in Chubb by 12.5% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 15,742 shares of the financial services provider’s stock valued at $4,561,000 after buying an additional 1,743 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CB. Citigroup began coverage on shares of Chubb in a research note on Wednesday, August 13th. They issued a “buy” rating and a $326.00 price target on the stock. UBS Group lowered their price target on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Wells Fargo & Company lifted their price target on shares of Chubb from $267.00 to $277.00 and gave the company an “equal weight” rating in a research note on Wednesday. Barclays lifted their price target on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and a consensus target price of $306.82.

Chubb Stock Performance

Shares of CB opened at $283.08 on Friday. The firm has a 50-day moving average of $276.67 and a 200-day moving average of $281.92. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The company has a market cap of $112.86 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.18 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its 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 the consensus estimate of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. Chubb’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.38 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

Insider Activity at Chubb

In related news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction that occurred on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.77% 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.