Fiduciary Family Office LLC Has $340,000 Stock Position in Chubb Limited $CB

Fiduciary Family Office LLC raised its stake in Chubb Limited (NYSE:CB) by 46.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,175 shares of the financial services provider’s stock after buying an additional 375 shares during the period. Fiduciary Family Office LLC’s holdings in Chubb were worth $340,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Modern Wealth Management LLC lifted its holdings in shares of Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 143 shares during the period. Trifecta Capital Advisors LLC lifted its holdings in shares of Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 130 shares during the period. Jump Financial LLC lifted its holdings in shares of Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after purchasing an additional 7,065 shares during the period. Legato Capital Management LLC lifted its holdings in shares of Chubb by 120.9% during the first quarter. Legato Capital Management LLC now owns 10,200 shares of the financial services provider’s stock worth $3,080,000 after purchasing an additional 5,582 shares during the period. Finally, Davis Rea LTD. acquired a new position in shares of Chubb during the first quarter worth $5,117,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.4%

CB opened at $269.37 on Wednesday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The company has a market cap of $107.40 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a fifty day moving average price of $277.33 and a two-hundred day moving average price of $280.77.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating the consensus estimate of $5.51 by $1.98. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the previous year, the firm posted $5.72 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were paid 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%.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Wells Fargo & Company lifted their price target on shares of Chubb from $267.00 to $277.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. UBS Group dropped their target price on shares of Chubb from $304.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Evercore ISI boosted their target price on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, Barclays boosted their target price on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $305.28.

Insiders Place Their Bets

In related news, Director Michael Corbat purchased 425 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares in the company, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% 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.