Chubb Limited $CB Stake Boosted by GoalVest Advisory LLC

GoalVest Advisory LLC increased its position in shares of Chubb Limited (NYSE:CB) by 308,000.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,081 shares of the financial services provider’s stock after purchasing an additional 3,080 shares during the period. GoalVest Advisory LLC’s holdings in Chubb were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Modern Wealth Management LLC grew its stake in shares of Chubb by 6.2% in 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 in the last quarter. 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 valued at $43,000 after purchasing an additional 130 shares during the last quarter. 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 valued at $2,470,000 after purchasing an additional 7,065 shares during the last quarter. 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 valued at $3,080,000 after purchasing an additional 5,582 shares during the last quarter. Finally, Davis Rea LTD. purchased a new stake in shares of Chubb during the first quarter valued at $5,117,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CB. Hsbc Global Res lowered Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Keefe, Bruyette & Woods upped their target price on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays increased their price objective on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Cantor Fitzgerald upgraded Chubb to a “hold” rating in a research note on Wednesday, August 13th. Finally, HSBC downgraded Chubb from a “buy” rating to a “hold” rating and decreased their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $306.42.

Chubb Stock Down 0.4%

NYSE CB opened at $281.86 on Monday. The stock has a fifty day moving average of $277.65 and a 200-day moving average of $280.88. The stock has a market capitalization of $112.38 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.54. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.34.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The firm had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.72 earnings per share. On average, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. Chubb’s dividend payout ratio (DPR) is 16.19%.

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.