Victrix Investment Advisors Grows Stake in Chubb Limited $CB

Victrix Investment Advisors lifted its position in Chubb Limited (NYSE:CB) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,070 shares of the financial services provider’s stock after buying an additional 260 shares during the period. Chubb makes up about 1.5% of Victrix Investment Advisors’ investment portfolio, making the stock its 25th biggest position. Victrix Investment Advisors’ holdings in Chubb were worth $3,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Chubb in the 1st quarter worth $25,000. North Capital Inc. purchased a new position in shares of Chubb in the 1st quarter worth $26,000. IMA Advisory Services Inc. purchased a new position in shares of Chubb in the 1st quarter worth $31,000. 1248 Management LLC purchased a new position in shares of Chubb in the 1st quarter worth $31,000. Finally, WPG Advisers LLC purchased a new position in shares of Chubb in the 1st quarter worth $33,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Barclays downgraded Chubb from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Piper Sandler reiterated a “neutral” rating and set a $283.00 target price (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. HSBC downgraded Chubb from a “buy” rating to a “hold” rating and lowered their target price for the company from $317.00 to $300.00 in a research report on Friday, August 1st. Finally, Wells Fargo & Company lowered their target price on 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, five have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $303.06.

Chubb Price Performance

NYSE:CB opened at $282.15 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $274.00 and its two-hundred day simple moving average is $282.44. 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. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.

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

Chubb Announces Dividend

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

Insiders Place Their Bets

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

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.