3Chopt Investment Partners LLC Acquires 710 Shares of Chubb Limited $CB

3Chopt Investment Partners LLC grew its holdings in shares of Chubb Limited (NYSE:CB) by 91.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,487 shares of the financial services provider’s stock after acquiring an additional 710 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Chubb were worth $432,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of Chubb during the 1st quarter valued at about $25,000. North Capital Inc. bought a new stake in shares of Chubb during the 1st quarter valued at about $26,000. IMA Advisory Services Inc. bought a new stake in shares of Chubb during the 1st quarter valued at about $31,000. 1248 Management LLC bought a new stake in shares of Chubb during the 1st quarter valued at about $31,000. Finally, WPG Advisers LLC bought a new stake in shares of Chubb during the 1st quarter valued at about $33,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of Chubb stock opened at $283.08 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 simple moving average is $276.67 and its two-hundred day simple moving average is $282.01. The stock has a market capitalization of $112.86 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. Chubb Limited has a one year low of $252.16 and a one year high of $306.91.

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

Chubb Announces Dividend

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

Insider Buying and Selling

In related news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company’s stock, valued at $661,010. The trade was a 20.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CB shares. UBS Group dropped their price target on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Wolfe Research upgraded shares of Chubb to a “strong-buy” rating in a research report on Tuesday, September 16th. Jefferies Financial Group lifted their price target on shares of Chubb from $295.00 to $297.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays lifted their price target on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Cantor Fitzgerald raised shares of Chubb to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $306.82.

Chubb Company 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.