Kidder Stephen W Increases Stake in Chubb Limited $CB

Kidder Stephen W raised its holdings in Chubb Limited (NYSE:CB) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 890 shares of the financial services provider’s stock after buying an additional 60 shares during the period. Kidder Stephen W’s holdings in Chubb were worth $258,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Sax Wealth Advisors LLC raised its stake in shares of Chubb by 74.9% in the second quarter. Sax Wealth Advisors LLC now owns 1,179 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 505 shares in the last quarter. BankPlus Trust Department raised its position in Chubb by 49.7% in the 2nd quarter. BankPlus Trust Department now owns 1,289 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 428 shares in the last quarter. Gentry Private Wealth LLC purchased a new position in shares of Chubb in the 2nd quarter valued at about $234,000. Slow Capital Inc. grew its position in shares of Chubb by 1.5% during the second quarter. Slow Capital Inc. now owns 21,442 shares of the financial services provider’s stock worth $6,217,000 after buying an additional 324 shares in the last quarter. Finally, Roundview Capital LLC increased its stake in shares of Chubb by 0.9% during the second quarter. Roundview Capital LLC now owns 8,698 shares of the financial services provider’s stock worth $2,520,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, Director Michael Corbat purchased 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB stock opened at $289.24 on Wednesday. The stock’s 50-day moving average is $275.58 and its two-hundred day moving average is $282.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a market cap of $115.32 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.23 and a beta of 0.54.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, beating 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 return on equity of 12.34% and a net margin of 16.08%.The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $5.38 EPS. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s payout ratio is presently 17.12%.

Analyst Ratings Changes

Several research analysts have commented on CB shares. Piper Sandler reiterated a “neutral” rating and set a $283.00 price target (down previously from $335.00) on shares of Chubb in a report on Thursday, July 24th. Citigroup assumed coverage on shares of Chubb in a research note on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research note on Saturday, September 27th. Wolfe Research raised Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, The Goldman Sachs Group increased their price objective on Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $303.72.

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.