Triad Wealth Partners LLC Acquires New Stake in Chubb Limited $CB

Triad Wealth Partners LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,127 shares of the financial services provider’s stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GQG Partners LLC increased its position in Chubb by 112.1% during the 1st 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 increased its position in Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after buying an additional 878,177 shares in the last quarter. Ameriprise Financial Inc. increased its position in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Chubb by 1.1% during the 1st 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 valued at $840,756,000 after buying an additional 30,334 shares in the last quarter. Finally, Nuveen LLC bought a new position in Chubb during the 1st quarter valued at approximately $562,221,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. HSBC lowered Chubb from a “buy” rating to a “hold” rating and reduced their target price for the stock from $317.00 to $300.00 in a report on Friday, August 1st. Wolfe Research raised Chubb to a “strong-buy” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods lifted their target price on Chubb from $314.00 to $324.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Finally, Citigroup initiated coverage on Chubb in a report on Wednesday, August 13th. They issued a “buy” rating and a $326.00 target price for the company. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $303.24.

Chubb Stock Performance

CB stock opened at $281.73 on Friday. The company has a market cap of $112.32 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 3.18 and a beta of 0.54. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. 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 stock’s fifty day moving average price is $274.46 and its 200-day moving average price is $282.32.

Chubb (NYSE:CB) last released 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 the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business posted $5.38 EPS. On average, equities analysts forecast 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 will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s payout ratio is 17.12%.

Insiders Place Their Bets

In related news, Director Michael Corbat bought 425 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.